At 1078 days on market a former contender in Berowra Waters back onto SQM's most discounted list

This week’s top 10 most discounted properties by SQM Research sees a former contender making its way back on the list into tenth place.

The four-bedroom home in Berowra Waters has been on the market for 1,078 days and has reduced its asking price by 34% since first being listed in August 2010.

The property was initially listed with an asking price of $1,199,000 but has cut that price to $795,000.

The property has no allocated parking advertised and SQM says this may be an attribute that had contributed to its lack of sale.

“Without a designated safe spot to park a vehicle, this particular property may be shunned by prospective buyers who see having a garage or carport as a must,” says SQM Research.

The property is located above a marina and could potentially attract house hunters with an interest in sailing or boats.

The three-bedroom home in Bundamba still holds the crown as most discounted around the nation.

Number 9 on the former list at 33 Fergusson Avenue Craigburn Farm in South Australia is no longer in the top 10 as it is currently under contract.

The top 10 most discounted properties:

 

1.

 

22 White Street Bundamba, 4304

 

Days on the market: 370

Initial asking price: $425,000

Current asking price: $205,000

Reduction: 52%

 

2.

 

34 Seraya Court Closeburn, 4520

 

Days on the market: 721

Initial asking price: $1,450,000

Current asking price: $795,000

Reduction: 45%

 

3.

 

9 Hughes Street Londonderry, 2753

 

Days on the market: 1036

Initial asking price: $2,300,000

Current asking price: $1,290,000

Reduction: 44%

 

4.

 

7 Cassidae Crescent Tangalooma, 4025

 

Days on the market: 1588

Initial asking price: $1,495,000

Current asking price: $875,000

Reduction: 41%

 

5.

 

4 Edgewater Place Lamb Island, 4184

 

Days on the market: 1099

Initial asking price: $425,000

Current asking price: $249,000

Reduction: 41%

 

6.

 

79 Perulpa Drive Lamb Island 4184

 

Days on the market: 1085

Initial asking price: $499,000

Current asking price: $298,000

Reduction: 40%

 

7.

 

38 Cloverdale Road Doolandella, 4077

 

Days on the market: 175

Initial asking price: $1,650,000

Current asking price: $1,000,000

Reduction: 39%

 

8.

 

15 Gretel Two Rocks, 6037

 

Days on the market: 1316

Initial asking price: $1,100,000

Current asking price: $699,000

Reduction: 36%

 

9.

 

368 Rheban Road Spring Beach, 7190

 

Days on the market: 1001

Initial asking price: $760,000

Current asking price: $500,000

Reduction: 34%

 

10.

 

134 Bay Road Berowra Waters, 2082

 

Days on the market: 1078

Initial asking price: $1,199,000

Current asking price: $795,000

Reduction: 34%

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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