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Darwin vendors still discounting less than vendors in other capitals: SQM Research
By
Cassidy Knowlton
Vendors in Darwin are able to secure sales without having to offer deep discounts needed in other states, research from RP Data and SQM Research has found. The average discount offered by vendors in the Northern Territory is 5.6%, according to RP Data, compared with an average discount of 8.1% in New South Wales, 7.4% in Queensland and an average discount of 7.1% in Victoria. This is borne out by SQM Research's list of the top 10 most discounted properties in NT. The most discounted property on the list, 31 Chinner Road, Lake Bennett, is offered at a 21% discount to its original price hopes of $369,000. In November 2011, the last time SQM compiled a list of the most discounted properties in Darwin, 35 Flinders Drive, Stuart Park was the number-one property, with a discount of 20%. Its vendors have neither budged on price nor sold, as the property is now number two on the list and is still offered with a 20% discount. On SQM's recent list of the most discounted properties in Queensland, the number-one property, 121 Treasure Island Avenue, Karragarra Island, is offered at a 40% discount on its original price hopes of $335,000. The most discounted property in Victoria, according to SQM, is 1365 Ballan Road, and is offered at a 25% discount on its original price hopes. And SQM's report on the most discounted properties in NSW shows that the number-one property, 1302 Birkdale Place, Magenta, is currently offered with its price hopes 36% reduced.
131 Chinner Road, Lake Bennett, NT, 0822 On the market since: February 11, 2012 Initial asking price: $369,000 Current asking price: $290,000 Reduction: 21% Days on market: 56 235 Flinders Drive, Stuart Park, NT, 0820 On the market since: November 13, 2010 Initial asking price: $1.15 million Current asking price: $925,000 Reduction: 20% Days on market: 511
329 Bayview Boulevard, Bayview, NT, 0820 On the market since: April 9, 2011 Initial asking price: $1.9 million Current asking price: $1.6 million Reduction: 16% Days on market: 203
4890 Chinner Road, Lake Bennett, NT, 0822 On the market since: October 29, 2011 Initial asking price: $579,000 Current asking price: $495,000 Reduction: 15% Days on market: 161
52916/485 Dundee Road, Dundee Beach, NT, 0840 On the market since: May 7. 2011 Initial asking price: $519,000 Current asking price: $450,000 Reduction: 13% Days on market: 336
6273/8 Gardiner Darwin, NT, 0800 (pictured) On the market since: February 6, 2010 Initial asking price: $1.25 million Current asking price: $1,086,195 Reduction: 13% Days on market: 791
74100 (l2943) Fog Bay Road, Dundee Beach, NT, 0840 On the market since: June 11, 2011 Initial asking price: $400,000 Current asking price: $350,000 Reduction: 13% Days on market: 301
886/9 Carey Street, Darwin, NT, 0800 On the market since: January 15, 2011 Initial asking price: $639,000 Current asking price: $559,500 Reduction: 12% Days on market: 322
922/68 Ryland Road, Millner, 0810 On the market since: May 21, 2011 Initial asking price: $410,000 Current asking price: $359,000 Reduction: 12% Days on market: 322
1040 Lot 3760 Launceston Road, Dundee Beach, NT, 0840 On the market since: January 30, 2010 Initial asking price: $495,000 Current asking price: $439,000 Reduction: 11% Days on market: 798
SQM Research also offers a list of the Top 100 Biggest Bargains in Australia for sale.
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