Are you considering discounting to make a sale? Spare a thought for the owners of these properties, some of whom have had to cut as much as 41% from their asking price.
The property on the market that has experienced the biggest markdown is in the Queensland suburb of Cedar Creek. The struggling owner of this property has had to knock a massive $491,000 from their initial asking price.
The property was listed for $1,190,000 last August, according to SQM Research, but has since been discounted by 41% as the vendor struggles to make a sale.
Read on for the 20 most discounted properties on the market, as compiled by SQM Research (scroll down to see the list).
|
Address |
Suburb |
First seen |
Initial price |
Now asking |
Disc-ount |
|
|
27 Shaws Pocket Rd |
15/08/11 |
$1,190,000 |
$699,000 |
41% |
||
|
11 Pyrites Road (via Nairne) |
23/05/10 |
$253,000 |
$155,000 |
39% |
|
|
|
502 Tarni Court |
28/06/10 |
$725,000 |
$450,000 |
38% |
||
|
1892 Stapylton Jacobs Well Road |
12/07/09 |
$515,000 |
$320,000 |
38% |
|
|
|
202 Wolstenholme Avenue |
Greendale |
16/01/11 |
$2,950,000 |
$1,850,000 |
37% |
|
|
15 Gretel |
26/12/09 |
$1,100,000 |
$699,000 |
36% |
|
|
|
26a Paling Street |
16/05/09 |
$1,100,000 |
$700,000 |
36% |
||
|
1302 Birkdale Pl |
17/06/08 |
$700,000 |
$450,000 |
36% |
||
|
21 Fox Avenue |
White Beach |
27/09/10 |
$170,000 |
$110,000 |
35% |
|
|
99 Lowanna Way |
1/04/09 |
$1,850,000 |
$1,200,000 |
35% |
|
|
|
47a Burns Crescent |
3/03/12 |
$3,000,000 |
$1,950,000 |
35% |
|
|
|
320 Redbank Plains Road |
19/12/11 |
$1,499,000 |
$975,000 |
35% |
||
|
27 Light Avenue |
Munno Para West |
27/02/10 |
$482,687 |
$319,000 |
34% |
|
|
319 West Coast Drive |
28/05/11 |
$4,500,000 |
$2,990,000 |
34% |
|
|
|
618/ 85 -89 The Entrance Road |
13/11/10 |
$299,000 |
$199,000 |
33% |
|
|
|
12 Underwood Street |
3/03/12 |
$675,000 |
$450,000 |
33% |
|
|
|
890 Chinner Rd |
Lake Bennett |
29/10/11 |
$579,000 |
$390,000 |
33% |
|
|
13/30 Gayundah Esplanade |
24/10/10 |
$590,000 |
$399,000 |
32% |
||
|
22 Beach St |
White Beach |
1/07/08 |
$250,000 |
$170,000 |
32% |
|
|
309 Scarborough Bch Rd |
7/02/10 |
$1,100,000 |
$750,000 |
32% |
|
Source: SQM Research
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