QLD

Nicola Trotman | 12 December 2012

Cooktown Queensland's slowest-selling suburb

Cooktown Queensland's slowest-selling suburb

Located at the mouth of the Endeavour River, Cooktown – with a median house price of $300,000 – is Queensland’s slowest-selling suburb, with property lingering on the market for an average of 258 days.

Chambers Flat is the second slowest, with an average of 233 days on the market and a median house price of $477,000.

Third place is a draw between Mission Beach and Yarraman, with an average time on the market of 220 days.

Mission Beach – a small village along the Coral Sea – has a median house price of $395,000.

Located 181 kilometres northwest of Brisbane, Yarraman has a median price of $192,000.

Suburb

Postcode

Median Price

Time on market (days)

Cooktown

4895

$300,000

258

Chambers Flat

4133

$477,000

233

Mission Beach

4852

$395,000

220

Yarraman

4614

$192,000

220

Vetern

4570

$366,000

218

Heathwood

4110

$4983,000

209

Laidley Heights

4341

$338,750

205

Ocean View

4521

$600,000

199

Babinda

4861

$174,000

198

Boyland

4275

$545,500

198

Source: RP Data

A property located at 20 Flinders Street, Cooktown (pictured below), was listed for sale in July 2011 for $440,000.

The  four-bedroom, one-bathroom home has been listed for 490 days.

The price hopes have dropped from $450,000 to $395,000 in that time.

Grant Freeman from Premium Property Specialists has listed the property for the full 490 days.

A property located on 133 Charlotte Street was originally listed for $400,000 in March 2011.

Its asking price has reduced by 25% to $300,000.

It was bought in 2008 for $535,000.

A property at 15 Boundary Street has failed to attract a buyer, having been listed for sale for a total of 981 days.

The four-bedroom, two-bathroom house was listed in March 2010 with a $375,000 asking price and is currently asking $290,000 – a reduction of $85,000.

Jill Williams from Rainforest Real Estate Cooktown has held the reins on the property for the duration of its listing.

Wonga is Queensland's fastest selling suburb, with a speedy 35 days on the market.

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