Most discounted suburbs in Australia

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You may have to dig a little deeper and do a bit more legwork to find them, but properties selling at a discount are more common than you think. Even in areas where prices are surging rapidly.

Case in point, Stanmore in Sydney’s inner west, where units are selling 15% below their listed price according to the latest stats from CoreLogic RP Data.

Vendors in the satellite city of Gosford have also been willing to discount their houses by 28% on average while units in Melbourne suburb of Rowville are also seeing hefty price reduction by 23% from the listing price.

Premium properties are also attracting large discounts by as much as 18% to attract buyers.
State Suburb Type Median Price ($) Time on Market (days) Vendor Discount
NSW GOSFORD H 437500 73 -28%
NSW ROSEHILL H 717500 30 -24%
VIC ROWVILLE U 451000 71 -23%
VIC SPOTSWOOD H 630000 69 -19%
SA SPRINGFIELD H 1615000 163 -18%
NSW CLOVELLY H 2060000 88 -18%
NSW AUSTINMER U 592500 53 -16%
QLD PARK RIDGE H 697500 126 -16%
NSW YOWIE BAY H 1335000 78 -16%
NSW REGENTS PARK H 717250 95 -16%
ACT FARRER H 682500 87 -16%
VIC SURREY HILLS U 670000 68 -16%
ACT WRIGHT H 690000 104 -15%
VIC SURREY HILLS H 1370000 71 -15%
NSW MATCHAM H 1090000 78 -15%
NSW STANMORE U 597500 32 -15%
VIC CLARINDA H 600000 63 -14%
NSW THORNLEIGH H 920000 47 -14%
TAS BATTERY POINT H 800000 52 -14%
NSW CAMDEN U 374000 41 -14%
SA VICTOR HARBOR U 215000 181 -14%
NSW BURWOOD H 1695000 75 -14%
SA GLENUNGA H 832000 80 -13%
NSW CAMDEN SOUTH U 336500 39 -13%
VIC MALVERN H 1840000 79 -13%
TAS PRIMROSE SANDS H 186250 132 -13%
NSW DALEYS POINT H 762500 115 -13%
QLD BURBANK H 1200000 137 -13%
SA SADDLEWORTH H 90750 140 -13%

Source: CoreLogic RP Data 


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