Oberon, NSW home on the market for over two years: SQM Research's top 10 most discounted list

SQM Research's top 10 most discounted properties list shows the homes around the country that have been untouched by any recent growth in our property markets.

The 10 homes just can't seem to budge, despite price cuts and months – sometimes years, on the market.

One property that can't seem to secure a buyer is 118 Queen Street in Oberon, New South Wales.

The modest one bedroom house on a 585 square metre plot is now priced at $149,000, after a 50% price cut. The Blue Mountains house has been on the market for 800 days, according to SQM Research, although CoreLogic RP Data places the home's current campaign at 1011 days long.

SQM Research's top 10 most discounted properties:

1. 1/35 Empire Drive, Kincumber, NSW
   
   Initial listing price: $889,000
   Now asking: $400,000
   Reduction: 55%
   Days on market: 366
   
   
2. 2 Louisa Street, Ranelagh, Tas
   
   Initial listing price: $2 million
   Now asking: $995,000
   Reduction: 50%
   Days on market: 730
   
   
3. 118 Queen Street, Oberon, NSW
   
   Initial listing price: $299,000
   Now asking: $149,000
   Reduction: 50%
   Days on market: 800
   
   
4. 202-204 Gymea Bay Road, Gymea Bay, NSW
   
   Initial listing price: $1.8 million
   Now asking: $900,000
   Reduction: 50%
   Days on market: 100
   
   
5. 6 Gatumba Street, Myora, Dunwich, QLD
   
   Initial listing price: $1.5 million
   Now asking: $825,000
   Reduction: 45%
   Days on market: 247
   
   
6. 8/109 Mitchell Street, Brunswick, Vic
   
   Initial listing price: $670,000
   Now asking: $390,000
   Reduction: 42%
   Days on market: 156
   
   
7. 114 Attfield Street, Maddington, WA
   
   Initial listing price: $629,950
   Now asking: $385,000
   Reduction: 39%
   Days on market: 499
   
   
8. 292 Carabooda Road, Carabooda, WA
   
   Initial listing price: $1.65 million
   Now asking: $1,032,000
   Reduction: 37%
   Days on market: 581
   
   
9. 1 Dunraven Court, Sydenham, Vic
   
   Initial listing price: $780,000
   Now asking: $490,000
   Reduction: 37%
   Days on market: 317
   
   
10. 219 Bernard Road north, Carabooda, WA
    
    Initial listing price: $3.5 million
    Now asking: $2,272,000
    Reduction: 35%
    Days on market: 581