Bargain buys: Where you can bag a home for a big discount

first_img8. 33-47 Bow St Waterford $670,000 $539,000 $131,000 This house at 11 Glenfield St, West End, is being sold as a deceased estate.In the same suburb and in arguably one of Brisbane’s best streets, a six-bedroom house has had its price reduced at 46 Whynot Street.The home, which is in the highly sought-after Brisbane State High School catchment, is on the market for $1.75 million, after having previously been advertised for offers over $1.895 million.On Brisbane’s bayside, five remaining apartments in a new development with stunning ocean views in Wynnum are set to be sold at a clearance auction in June.The architecturally designed, two and three bedroom apartments at 32 Glenora Street offer views of Moreton Bay and access to a private pool and entertaining courtyard. 7. 603/99 Marine Pde Redcliffe $1.15m $1m $150,000 2. 2 Triton St Tangalooma $850,000 $650,000 $200,000 This house at 183 Hale St, Petrie Terrace, is for sale at a reduced price. (Source: SQM Research) 3. 11/100 Macquarie St St Lucia $1.55m $1.350,000 $200,000 This townhouse at 2/7 Bradley Ave, Kedron, has its price reduced.Marketing agent Alex Rutherford of Place – said the property had been on the market for six weeks, but would have sold within two weeks this time last year.“We’re scratching our heads — it’s such a great opportunity for someone,” Ms Rutherford said.“I think it’s a lot to do with the uncertainty of the election, which is causing people not to transact, even though they’re liking properties.”Ms Rutherford said it was the perfect time for buyers to pounce because there was more choice and vendors were more flexible.“End of financial year is looming and if buyers have their finance in order and are ready to settle earlier, they may get a reasonable discount,” she said.“What will happen I think after the election is that there will be a lot more buyers in the market and properties will be snapped up quickly and people will miss out on the opportunities they have now.”A four-bedroom character home, just minutes from the CBD in Petrie Terrace, has had its price reduced for quick sale. MORE: ‘Worst house I’ve ever seen’ 6. 38 High St Toowong $599,995 $449,995 $150,000 This apartment at 603/99 Marine Pde, Redcliffe, has had its price reduced by $150,000.Death, divorce and desperate vendors are some of the reasons for the number of discounted listings, according to SQM Research, with about 24,000 of the 330,000 properties on the market nationally classified as ‘distressed’.SQM Research managing director Louis Christopher said that despite the uncertainty in the market, it was a good time for would-be buyers to do their homework and see what value was on offer.“It is a good time to research the market, to do the property inspections and look at what’s happening on the ground in terms of listings and sales to get a good sense of where the market is locally, which will help when it comes decision time to buy,” Mr Christopher said.“There are risks and there are opportunities.” This house at 66 Delaney Circuit, Carindale, is being sold as ‘mortgagee in possession’. This house at 66 Delaney Circuit, Carindale, is being sold as ‘mortgagee in possession’.A deceased estate on the riverfront in West End has hit the market without a price guide.The two storey home on 702 sqm at 11 Glenfield Street has five bedrooms, three bathrooms, a pool and incredible views across the Brisbane River. This apartment at 32 Glenora St, Wynnum, is one of five that will be offered at a clearance auction next month. 9. 2/24 Wilton Tce Yeronga $785,000 $665,000 $120,000 The view from an apartment at 38 High St, Toowong, which has had its price slashed.Most would-be property buyers have heard of the typical private treaty sale or auction, but there is also the clearance auction, the deceased estate sale, the court order sale and the mortgagee possession.And buyers don’t have to settle for a hovel — many of the homes that have been heavily discounted in Brisbane right now are in perfect condition and in sought-after locations.The properties range from an inner-city character cottage to a six-bedroom stunner.According to property researcher, CoreLogic, just over 67 per cent of homes in Queensland sold at a discount to their original listed price over the past three months.And CoreLogic research analyst Cameron Kusher said that number was likely to increase, which is good news for buyers. “With the national housing market continuing to see value declines, it is expected that over the coming period relatively few properties will be selling at a price above the original list price,” Mr Kusher said. 10. 105 Victoria Ave Margate $648,000 $539,000 $109,000 4. 35 Queen St Goodna $2.499m $2.3m $199,000 This apartment at 32 Glenora St, Wynnum, is one of five that will be offered at a clearance auction next month.On the northside, a four-bedroom house has sold prior to auction after being advertised as “under court instruction to sell”.The property on 675 sqm at 20 Violet St, Everton Hills, was due to go under the hammer today, offering the buyer the chance to renovate or detonate. Michelle Dodds and her daughter, Olivia, in the Kedron townhouse she is selling at a reduced price. Picture: AAP/David Clark.HOME hunters searching for a bargain could save hundreds of thousands of dollars if they widen their search for a property beyond the traditional means — but they have to act fast.Uncertainty around the federal election and a tight lending environment have prompted vendors to slash asking prices, and industry experts say now is the time to negotiate a better deal.Data provided exclusively to The Courier-Mail by independent property analyst SQM Research has revealed the 10 properties in southeast Queensland currently for sale with the biggest reductions to their original listed prices, revealing savings of up to $200,000. 5. Lot 15 Briscoe Rd Dayboro $1.155m $990,000 $165,000 This house at 20 Violet St, Everton Hills, has sold prior to auction after being advertised as “under court instruction to sell”.10 MOST DISCOUNTED HOMES ON THE MARKET Address Suburb First Price Current Price Discount1. 2 Limmen St Pimpama $850,000 $650,000 $200,000 Inside the house at 183 Hale St, Petrie Terrace.The property at 183 Hale Street is now available for $770,000 negotiable.Marketing agent Nicholas Hall of Ray White – Paddington said its position near the Inner City Bypass was putting some potential homeowners off, but it would be perfect for an investor.“It got a good yield return, good capital growth and its proximity to everything is fantastic,” Mr Hall said. A five-bedroom house in popular Tarragindi is advertised as “court order … must be sold”.The immaculate, two-level home on an elevated, 637 sqm landscaped block is on the market for $920,000 negotiable — down from $950,000 in February, and $1.1 million prior to that. This house at 11 Glenfield St, West End, is being sold as a deceased estate. This property at 28 Andrew Ave, Tarragindi, is on sale for $920,000.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoAn impressive family home in Carindale is being sold as ‘Mortgagee in possession’ for $1.2 million.The house at 66 Delaney Circuit is on a large 768 sqm block and has four bedrooms, three bathrooms and a pool. Brisbane couple Michelle and Geoff Dodds are selling their three-bedroom townhouse in Kedron for the reduced price of $515,000.The property at 2/7 Bradley Avenue had previously been listed for offers above $535,000.Mrs Dodds said they had outgrown the property since having their daughter, Olivia, but it had been the perfect first home and she could not understand why it had not sold yet.“It was just a really nice, low maintenance, easy to look after little house that did us really well for five years,” Mrs Dodds said. RELATED: Buyer bags a bargain in blue chip suburb SQM Research managing director Louis Christopher. This house at 2 Limmen St, Pimpama, has had its price reduced by a whopping $200,000.THE BRISBANE SUBURBS WITH THE BIGGEST VENDOR DISCOUNTSSuburb Median vendor discount (12 mths) Median house priceGreenslopes -7.8% $725,000 Sunnybank -7.4% $835,000Rocklea -7.2% $400,000Mount Gravatt -6.7% $645,000Windsor -6.6% $840,000Belmont -6.6% $690,000Gaythorne -6.5% $637,000Westlake -6.2% $740,000Indooroopilly -6.2% $870,000Holland Park West -6.1% $694,250(Source: CoreLogic)last_img read more

Chris Green signs longest deal in BBL history

first_imgCHRIS GREEN has signed the longest deal in BBL history after Sydney Thunder signed the offspinner for a further six seasons.Green, 26, is one of the very few Australian players who isn’t involved in the traditional domestic state pathway, instead opting to become a T20 globetrotter. But the Thunder have signed him on for six seasons not only for his value as a specialist T20 spinner with an ability bowl in the powerplay, as well as being a crafty lower-order batsman, but also for his loyalty to the Thunder and his standing as a leader and ambassador for the club.Despite not currently being involved in four-day and 50-over cricket for New South Wales – he has never played a first-class game – Green has been encouraged by feedback from the Australian selectors about his international prospects. He 1was not selected for Australia’s most recent two T20I series but was picked to play in the Prime Minister’s XI and the Cricket Australia XI T20 tour games against Sri Lanka and Pakistan and remains in contention for the T20 World Cup in Australia next year.Green said he was grateful for the Thunder’s backing after being the first franchise to give him a chance.“Thunder was the first team that backed me when I was playing grade cricket, so to lock in my future with the club is really exciting,” Green said. “It’s not often you have security, so for me to get that with a club that I love, I’m really excited and very grateful for this opportunity to continue to represent Thunder into the future.”Green’s performances for the Thunder in the powerplay have propelled him to opportunities in the Caribbean Premier League (CPL) where he has starred for the Guyana Amazon Warriors. He has also played in Canada’s Global T20, the T20 Blast and the PSL. He is currently playing for the Northern Warriors in the Abu Dhabi T10 tournament. (ESPN Cricinfo)last_img read more