An analysis by SQM Research examined how much listings prices had dropped since properties were put on the market.
Of the top 10 properties, seven had an asking price of over $1 million.
Vendors gave the greatest discount on 38 Considine Street in Ellen Grove, Queensland.
This 1.75 hectare property in Brisbane’s south west was originally listed for $1.4 million over nine months ago.
Currently, the property is listed for $799,000, a decrease of 43 per cent.
The most expensive property on the list is 219 Bernard Road North in Western Australia’s Carabooda, which is currently listed for $2,272,000.
The price has dropped by 35 per cent since it was listed for $3.5 million over a year ago.
Carabooda also offers another of the country’s biggest price drops, with the asking price of 292 Carabooda Road falling by 37 per cent to $1,032,000.
Other million-dollar discounts are available in Bicton and Doubleview in Western Australia, Richmond in Tasmania, and Michelago in New South Wales.
At the opposite end of the spectrum, 2/50 Susan’s Bay Road in Tasmania’s Primrose Sands is the cheapest offering, available for just $99,000.
The property was originally listed for $165,000 and has spent 1,519 days on the market.