Most discounted properties revealed

Most discounted properties revealed

by 0 comments

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.

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.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
Marnie Seinor on structure, database DNA and connecting with her local community

There’s no such thing as an “off switch” in real estate – so says McGrath agent Marnie Seinor, who came in at number 78 in this year...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Depends on the group
Do you have an industry update?