The biggest property discounts in the country have come out of four Queensland suburbs.
Latest data shows that two of those were in Greater Brisbane with massive 50 percent discounts on units in Rochedale and Loganlea but the capital city region was now showing very strong house price cuts too.
CoreLogic research analyst Cameron Kusher told The Courier Mail the discounts were rising off an overall market slowdown. “All data points to the fact that as a whole the Brisbane market has slowed,” he said. “As a result there will be some suburbs where there are big discrepancies between vendor and purchaser price expectations.”
Savvy bargain hunters across the capital city drew much bigger discounting off 16 Brisbane Council suburbs half of which was for houses and half for units.
The median discount on original house prices in Upper Brookfield was -20 per cent, Indooroopilly -13.5 per cent, Kenmore Hills -12.1 percent, Pullenvale -11.7 percent, Dutton Park -11.1 percent, the Grange -11.1 percent and Richlands -11 percent.
The data demonstrated property owners in many middle income Brisbane suburbs were willing to adjust price expectations after listing their properties for sale.
Fulya Altunyay/ realestatecoulisse.com