SQM Research Weekly Newsletter

SQM Research Newsletter - Tuesday March 8, 2016

Black Dragon's
Words for the Week

" Ask five economists and you'll get five different answers - six if one went to Harvard."

– Edgar Fielder

Rude Real Estate Realities

Making news this week is the selling property pooch named Tiffany.The pooch's owner dresses Tiffany in bright outfits and places Tiffany quite comically in her own real estate listings. The partnership started two years ago when Tiffany's owner and a nearby Queensland real estate agency noticed the difficulty of finding 'pet friendly' homes. Since then, the shih tzu cavalier cross has made her mark in the industry. And yes...the photos of Tiffany are doing more than putting a smile on peoples faces. In fact, the agents reportedly tested two similar properties, one featuring Tiffany, one without. The property that featured Tiffany got twice as many hits, and also sold at a higher price. The pooch now has her own Facebook page. For more on these properties, click here.

Just Over One Week To Go!!!

This year our annual event An Afternoon of Property will be held in the Heritage Ballroom, at the Westin Hotel, Sydney, on Wednesday the 16th of March 2016.

Guest Speakers include:

Economist - Stephen 'The Kouk' Koukoulas
Winston Sammut - Folkestone
Marco Colantonio - Resolution
Chris Andrews - La Trobe Financial
Gerald Stack - Magellan
Chris Smith - Australian Unity

Registrations are limited, and going quickly!!! To register for the event, please click HERE.

Please direct any questions to Natalie Keech via email- natalie@sqmresearch.com.au.

Distressed Property of the Week

16 Penzance Drive, Redland Bay, QLD, 4165

click image to enlarge

LARGE FAMILY HOME REDUCED BY $50,000!!!

Today's distressed property of the week is located in Redland Bay, Queensland. The property first came onto the market back in September 2015. After several months without so much as a bite, the vendor has slashed the price down to $549,000, a total reduction of $50,000!!!

The property is larger than your average family home, with a massive four bedrooms, two bathrooms, and accomodation for up to two vehicles. As you can see, the home is set on a large block with double side access. The vendor says that this property is ideal for entertaining guests, with a large private garden out the back, undercover patio and generous resort style pool.

A reduction this large will likely draw this distressed property of the week some prospective buyers!

To get your hands on other distressed properties for sale like this one - check out our Distressed Properties Report HERE.

Top Ten Discounted Properties Nationwide

Welcome back bargain hunters!

Over the past week 14 Endeavour Road, Georges Hall, NSW has sold by private treaty. The property was originally advertised with an asking price above $1.2 million, with the vendor only recently knocking this price down to $875,000. With a final sold price of $865,000, the new owner certainly grabbed a bargain, with the vendor selling the property a further $10,000 below the asking price.

Taking its place in tenth position on our list this week is 1602/231-245 Harbour Esplanade, Docklands, VIC. The property made its way onto the market back in July 2013 with the vendor originally asking for offers above $650,000. Since then the vendor has reduced the price down to $465,000, a total reduction of $185,000.

The property consists of two bedrooms, one bathroom, and one secure undercover car space. Key features include Gas SMEG cooktop, stainless steel appliances, reverse cycle heating and cooling, ample storage space, and a dual access balcony. The unit is located within close proximity of public transport and is just minutes from Melbourne CBD.

As always, stay tuned next week for weekly updates on our Top Ten Discounted Properties Nationwide List....

Rank	Address	Suburb	Postcode	Initial price	Now asking	Reduction	Days on Mkt	Link
1	1617-1643 Wisemans Ferry Rd	Maroota	2756	$3,800,000	$2,400,000	39%	347	link
2	S1500/8 Waterview Walk	Docklands	3008	$550,000	$349,000	37%	1013	link
3	2 Joy Street	Encounter Bay	5211	$650,000	$425,000	35%	552	link
4	10/43 Mannikan Court	Bakewell	0832	$439,000	$300,000	32%	437	link
5	177 Andrew Road	Greenbank	4124	$1,100,000	$800,000	29%	1016	link
6	135-147 Burke Road	Donnybrook	4510	$1,420,000	$1,000,000	29%	875	link
7	17 Turner Drive	Guilderton	6041	$630,000	$450,000	29%	577	link
8	32 Wolstenholme Drive	Sorell	7172	$1,200,000	$850,000	29%	846	link
9	216 Old Ipswich Road	Riverview	4303	$599,000	$430,000	28%	320	link
10	1602/231-245 Harbour Esplanade	Docklands	3008	$650,000	$465,000	28%	972	link

Facebook

Twitter

Website