The top 10 most discounted properties in Western Australia: SQM Research
Vendor discounting figures are regularly collected by research house SQM Research. Now, they’ve compiled the 10 most discounted individual properties in Western Australia.
They note that Western Australia is a locality that has undergone substantial change in recent years for residential property, with the mining boom and subsequent downturn.
“Many of the properties we see below can be easily recognized from our national top ten most discounted properties, as over the past few months, Perth properties (and other properties from Western Australia) have made up the bulk of the list,” their research notes.
Just one of the homes on SQM Research’s Western Australian list had an initial asking price below $1 million, which is certainly not the norm for discounted properties across the country. After discounting, just two dropped of the Western Australian properties dropped below the seven figure mark.
Across the entire list, two were from South Perth, with the top two in Carabooda.
Initial asking price: $1,650,000
Now asking: $1,032,000
Discount: 37%
Days on market: 404
219 Bernard Road North, Carabooda
Initial asking price: $3,500,000
Now asking: $2,272,000
Discount: 35%
Days on market: 404
In terms of the dollar figure, this has been reduced by the most on the list – copping a $1,228,000 reduction on asking price.
28a Malsbury Street, Bicton
Initial asking price: $1,500,000
Now asking: $1,000,000
Discount: 33%
Days on market: 308
1 Princess Road, Doubleview
Initial asking price: $2,700,000
Now asking: $1,800,000
Discount: 33%
Days on market: 175
48b Brazier Road, Yanchep
Initial asking price: $985,000
Now asking: $699,000
Discount: 29%
Days on market: 350
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12/4 Scott Street, South Perth
Initial asking price: $3,650,000
Now asking: $2,600,000
Discount: 29%
Days on market: 481
21b Hampton Street, Burswood
Initial asking price: $1,400,000
Now asking: $1,000,000
Discount: 29%
Days on market: 126
211 Bulwer Street, Perth
Initial asking price: $1,500,000
Now asking: $1,100,000
Discount: 27%
Days on market: 930
Of all the properties on the list, this one has been on the market for longest – at 930 days.
2 Marine Terrace, Sorrento
Initial asking price: $3,990,000
Now asking: $3,000,000
Discount: 25%
Days on market: 161
32/39 South Perth Esplanade, South Perth
Initial asking price: $1,295,000
Now asking: $990,000
Discount: 24%
Days on market: 406
