Homeowners are slashing prices on properties from the beach to the bush as a buyer’s market emerges in the wake of increasing mortgage stress and more realistic seller expectations.
Vendor discounting is becoming increasingly common in parts of the state, with sellers starting to reduce ambitious asking prices by hundreds of thousands of dollars — or up to 32 per cent in some cases — as spring listings begin to rise.
Data provided exclusively by SQM Research reveals Queensland has more than 1600 distressed listings — the highest in the country, with discounted properties ranging from a house in Shailer Park with a $250,000 price cut to a unit in Airlie Beach that is now $155,000 cheaper.
This huge family home at 39 Jasmine Cres, Shailer Park, had its price reduced by $250,000 to $1.1m.
Originally on the market for $678,000, this three-bedroom house at 42 Leichhardt Tce, Russell Island, has now been reduced by $20k …