 | 227 Franklin Road, Wanneroo, WA, 6065 |
Discounting more severe in Perth than in some other capitals: SQM Research
By
Cassidy Knowlton
As it releases a list of the top 10 most discounted properties in Western Australia, SQM Research notes that the discounting occurring in Perth has been a little more severe than some of the other capital cities. "We have often featured Perth homes possessing massive discounts in our national top 10 as well as homes from Perth which have spent an excessive amount of time on the market," SQM Research director Louis Christopher says. He says Perth's housing market is the weakest among Australian capital cities and says it is likely to bottom out next year. "In terms of the Perth housing market in general, SQM Research forecasts that it will likely post the biggest falls of the capital cities for 2011 between 7.8% and 9.8%. If the economy manages to scrape through next year, house prices for Perth are likely to bottom out and we will not see further substantial declines," Christopher says. 1146 Maddington Road, Maddington, WA, 6109 On the market since: April 30, 2011 Initial asking price: $5.5 million Current asking price: $3.5 million Reduction: 36% Days on market: 126
2290 Viveash Road, Swan View, WA, 6056 On the market since: June 5, 2008 Initial asking price: $2.29 million Current asking price: $1.5 million Reduction: 34% Days on market: 1,187
3 4 Shoran Court, Ocean Reef, WA, 6027 On the market since: May 14, 2011 Initial asking price: $990,000 Current asking price: $695,000 Reduction: 30% Days on market: 112
44/19 Broome Street, Cottesloe, WA, 6011 On the market since: January 10, 2010 Initial asking price: $1.2 million Current asking price: $850,000 Reduction: 29% Days on market: 601
519/1 North Lake, Alfred Cove, WA, 6154 On the market since: July 26, 2010 Initial asking price: $1.18 million Current asking price: $849,000 Reduction: 28% Days on market: 406
6309 Scarborough Beach Road, Woodlands, WA, 6018 On the market since: February 7, 2010 Initial asking price: $1.1 million Current asking price: $795,000 Reduction: 28% Days on market: 573
71/43 Preston Point Road, East Fremantle, WA, 6158 On the market since: May 23, 2010 Initial asking price: $1.1 million Current asking price: $800,000 Reduction: 27% Days on market: 468
8227 Franklin Road, Wanneroo, WA, 6065 (pictured) On the market since: December 27, 2010 Initial asking price: $1.5 million Current asking price: $1.095 million Reduction: 27% Days on market: 252
921 Robertson Road, Ledge Point, WA, 6043 On the market since: September 25, 2010 Initial asking price: $880,000 Current asking price: $649,000 Reduction: 26% Days on market: 357
105 Park Street, Inglewood, WA, 6052 On the market since: November 27, 2010 Initial asking price: $649,000 Current asking price: $495,000 Reduction: 24% Days on market: 294
SQM Research also offers a list of the Top 100 Biggest Bargains in Australia for sale. |
|
Leave a Comment