Londonderry the new most discounted property as Fremantle, WA offering under contract: SQM

A five-bedroom property in New South Wales Londonderry has been pushed to the top of this week’s top ten most discounted properties with a 44% discount, according to SQM Research.

The push comes after former list topper 18 South Street Fremantle went under contract.

The Londonderry property was first listed in August 2010 with a $2.3 million price tag.

After spending a whopping 959 days on the market, the Hughes Street property is now asking $1.29 million. 

The 2.83-hectare property is DA approved for a detached dual occupancy and farm shed.

Coming in second place with a discount of 43% is a one-bedroom Redbank Plains property.

The Barry Drive property was first listed in late February this year for $350,000 and after 84 days on the market has been slashed to $199,000.

Queensland continues to dominate the list with five properties listed, however SQM says although the bloodbath up north is over the aftermath may continue for some time to come.

The top ten discounted properties are

1.

 

9 Hughes Street Londonderry 2753

 

Days on the market: 959

Initial asking price: $2,300,000

Current asking price: $1,290,000

Reduction: 44%

 

2.

 

1 Barry Drive Redbank Plains 4301 

Days on the market: 84

Initial asking price: $350,000

Current asking price: $199,000

Reduction: 43%

 

3.

 

7 Cassidae Crescent Tangalooma 4025

Days on the market: 1,511

Initial asking price: $1,495,000

Current asking price: $875,000

Reduction: 41%

 

4.

 

4 Edgewater Place Lamb Island 4184

Days on the market: 1,022

Initial asking price: $425,000

Current asking price: $249,000

Reduction: 41%

 

5.

 

79 Perulpa Drive Lamb Island 4184

Days on the market: 1,091

Initial asking price: $499,000

Current asking price: $298,000

Reduction: 40%

 

6.

 

5756 Arthur Highway Taranna 7180

Days on the market: 951

Initial asking price: $499,000

Current asking price: $299,000

Reduction: 40%

 

7.

 

38 Cloverdale Road Roolandella 4077

Days on the market: 98

Initial asking price: $1,650,000

Current asking price: $1,000,000

Reduction: 39%

 

8.

 

15 Gretel Two Rocks 6037

Days on the market: 1,239

Initial asking price: $1,100,000

Current asking price: 699,000

Reduction: 36%

 

9.

 

368 Rheban Road Spring Beach 7190

Days on the market: 924

Initial asking price: $760,000

Current asking price: $500,000

Reduction: 34%

 

10.

 

124 Sky Farm Road Deep Bay 7112

Days on the market: 161

Initial asking price: $599,000

Current asking price: $400,000

Reduction: 33%

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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