Most discounted suburbs in Australia
You may have to dig a little deeper and do a bit more legwork to find them, but properties selling at a discount are more common than you think. Even in areas where prices are surging rapidly.
Case in point, Stanmore in Sydney’s inner west, where units are selling 15% below their listed price according to the latest stats from CoreLogic RP Data.
Vendors in the satellite city of Gosford have also been willing to discount their houses by 28% on average while units in Melbourne suburb of Rowville are also seeing hefty price reduction by 23% from the listing price.
Premium properties are also attracting large discounts by as much as 18% to attract buyers.
| State | Suburb | Type | Median Price ($) | Time on Market (days) | Vendor Discount |
| NSW | GOSFORD | H | 437500 | 73 | -28% |
| NSW | ROSEHILL | H | 717500 | 30 | -24% |
| VIC | ROWVILLE | U | 451000 | 71 | -23% |
| VIC | SPOTSWOOD | H | 630000 | 69 | -19% |
| SA | SPRINGFIELD | H | 1615000 | 163 | -18% |
| NSW | CLOVELLY | H | 2060000 | 88 | -18% |
| NSW | AUSTINMER | U | 592500 | 53 | -16% |
| QLD | PARK RIDGE | H | 697500 | 126 | -16% |
| NSW | YOWIE BAY | H | 1335000 | 78 | -16% |
| NSW | REGENTS PARK | H | 717250 | 95 | -16% |
| ACT | FARRER | H | 682500 | 87 | -16% |
| VIC | SURREY HILLS | U | 670000 | 68 | -16% |
| NSW | BALGOWLAH HEIGHTS | H | 1945000 | 75 | -16% |
| ACT | WRIGHT | H | 690000 | 104 | -15% |
| VIC | SURREY HILLS | H | 1370000 | 71 | -15% |
| NSW | MATCHAM | H | 1090000 | 78 | -15% |
| NSW | STANMORE | U | 597500 | 32 | -15% |
| VIC | CLARINDA | H | 600000 | 63 | -14% |
| NSW | THORNLEIGH | H | 920000 | 47 | -14% |
| TAS | BATTERY POINT | H | 800000 | 52 | -14% |
| NSW | CAMDEN | U | 374000 | 41 | -14% |
| SA | VICTOR HARBOR | U | 215000 | 181 | -14% |
| NSW | BURWOOD | H | 1695000 | 75 | -14% |
| SA | GLENUNGA | H | 832000 | 80 | -13% |
| NSW | NORTH PARRAMATTA | H | 900000 | 39 | -13% |
| NSW | CAMDEN SOUTH | U | 336500 | 39 | -13% |
| VIC | MALVERN | H | 1840000 | 79 | -13% |
| TAS | PRIMROSE SANDS | H | 186250 | 132 | -13% |
| NSW | DALEYS POINT | H | 762500 | 115 | -13% |
| QLD | BURBANK | H | 1200000 | 137 | -13% |
| SA | SADDLEWORTH | H | 90750 | 140 | -13% |
Source: CoreLogic RP Data
Disclaimer:
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).
Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.
Proudly Part Of
The Money Quest Group (MQG) is one of Australia's leading boutique mortgage broking businesses, with a network of more than 600 brokers nationwide. Known for their exuberant culture and superior support, MQG provides brokers access to a range of financial products from more than 60 lending institutions and suppliers, and exclusive access to in-house benefits and services.
© 2017-2024 MoneyQuest Australia Pty Ltd, Australian Credit Licence 487823