45 bargain suburbs to get the biggest discounts now

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Despite the runaway prices in Australia’s biggest cities, there are still pockets where you can snag a hefty bargain.

In Sydney, houses in Gosford are selling 30% below the listed price on average, according to the latest stats by CoreLogic RP Data. Camden units are also attracting a hefty 14% discount.

Vendors in prime suburbs such as Clovelly, Balgowlah Heights and Point Piper are also willing to slash their asking price just to get a sale. Discounts range between 15 and 18% off the listed price.

Predictably, the mining towns in Queensland are among the suburbs with the most desperate vendors, thanks to the cooling resources sector.

Houses in Blackwater are selling for 39% less than the listed price, while vendors in Moranbah are willing to cut their asking price by 23%.

In South Australia, Whyalla Playford is the suburb to target if you’re after bargain houses. According to the latest data, buyers are currently getting 14% discount on average.

Victoria’s Rowville has the state's highest discount at 24% while vendors in WA’s Newman are offering buyers a 22% price reduction on average.
 
State Suburb Type  Median Price ($) Vendor Discount Time on Market (days)
ACT WEETANGERA H 736,000 -19% 77
NSW GOSFORD H 465,000 -30% 93
NSW HOLGATE H 1,142,000 -22% 94
NSW MATCHAM H 1,015,000 -20% 62
NSW YOWIE BAY H         1,357,500 -19% 62
NSW CLOVELLY H        2,031,500 -18% 90
NSW NARWEE H           925,000 -17% 39
NSW BURWOOD H        1,700,000 -17% 72
NSW HARDEN H            143,000 -16% 181
NSW ST PETERS H            922,500 -16% 35
NSW BALGOWLAH HEIGHTS H         1,932,500 -15% 68
NSW POINT PIPER H         7,800,000 -15% 135
NSW REDFERN H         1,077,500 -15% 42
NSW CAMDEN U            380,000 -14% 41
QLD BLACKWATER H            151,000 -39% 123
QLD MORANBAH H            220,000 -23% 120
QLD DYSART H            102,000 -23% 143
QLD TARA H               97,500 -22% 221
QLD LONGREACH H            217,500 -19% 148
QLD CHARLEVILLE H            120,000 -19% 133
QLD JANDOWAE H            132,500 -18% 172
QLD SOUTH GLADSTONE U            155,000 -17% 114
QLD EAST INNISFAIL H            180,000 -17% 112
QLD WONGALING BEACH H            355,000 -17% 152
SA WHYALLA PLAYFORD H            260,000 -14% 147
TAS QUEENSTOWN H               67,000 -17% 166
VIC ROWVILLE U            436,500 -24% 68
VIC CHADSTONE H            820,000 -21% 57
VIC SPRINGVALE H            523,500 -16% 63
VIC MOORABBIN U           512,000 -16% 43
VIC SPOTSWOOD H            660,000 -16% 92
VIC SURREY HILLS H         1,410,000 -15% 66
VIC WANTIRNA H            676,500 -15% 36
VIC DONALD H            117,500 -15% 127
VIC TERANG H            195,000 -15% 124
WA NORSEMAN H               31,000 -24% 157
WA NEWMAN H            675,000 -22% 161
WA DERBY H            355,000 -20% 169
WA BOYUP BROOK H            187,500 -19% 176
WA NICKOL H            440,000 -17% 128
WA COOLGARDIE H            170,000 -16% 143
WA BULGARRA H            450,000 -16% 120
WA PEGS CREEK H            440,000 -15% 114
WA RANGEWAY H            193,750 -14% 118
WA PORT HEDLAND H            880,000 -14% 114
Source: CoreLogic RP Data
 

 
 

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Comments
  • David Ike says on 12/05/2015 09:20:23 PM

    Oh this is great. I cant wait to grab a bargain from someone who thought the merry go round would keep going up forever!
    If you look closely at the NSW higer end suburbs like clovelly, its peaking at 2million dollars.....and 20% discount!..... its hitting the affordability redline, as well as the fact that people have bitten off more than they can chew in this "boom" time......

    My advice is DONT buy realestate, its an illiquid asset and if you buy in error based on "greed" on the advice that property spruikers sell, you are going to be in a risky position....
    The only people benefiting is real-estate agents,bankers and dodgy-developers.....oh and the govt in stamp duty!
    beware.

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