Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Startup Growth Sales Marketing Industry Buyers Agent

Startup


Buyers Agent


Our Events


Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

LEARN MORE
VIEW ALL
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

Most discounted properties revealed

By Staff Reporter
01 September 2014 | 1 minute read

Multimillion-dollar properties dominate the list of the country’s most discounted properties for sale.

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.

Advertisement
Advertisement

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.

Most discounted properties revealed
Sale
lawyersweekly logo

Feeling burnt out? The newest event to hit the industry, REInnovate, is a must-attend for serious real estate professionals facing the pressures of a heavy workload. Get ready to walk away with the undeniable structure for success, efficiency and profitability, and get yourself back on track to focus on what’s really important for your business. Get your early bird ticket now.

Tags:

ABOUT THE AUTHOR


Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.