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.
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%