Home sellers slash prices
TOOWOOMBA home sellers are resorting to aggressive discounting to push their properties to the front of the pack.
A list of the city's 10 most discounted properties includes everything from a wooden shack to a jacuzzi-enhanced inner city apartment.
There is one common theme - the owners want to sell and they are not afraid to slash prices to make it happen.
"The market is always moving backwards and forwards, but sellers have had a reality check recently," The Real Estate People agent Heath Mengel said.
A lull in sales has meant dreams are going cheap in Toowoomba.
The most heavily discounted property on the market at the moment is a duplex at 68 Hursley Rd in Newtown.
The seller has cut the price of the two-bedroom unit and studio apartment package by more than 18%, dropping the price by $66,000 to $299,000.
The property has been on the market for more than 18 months, forcing the seller to resort to "desperate measures".
Toowoomba's second most discounted property is a four-bedroom Mt Kynoch home with some of the best escarpment views Toowoomba has to offer.
The owners have slashed the price by $100,000 - a 16.8% drop from $595,000 to $495,000.
The home has been on the market for more than a year.
Mr Mengel said the prices would not last long.
"Sales always pick up in spring so I think we'll be seeing a lot more interest and probably higher prices," he said.
Top 10 discounted homes
1. 1 and 2 68 Hursley Rd, Newtown
from $365,000 to $299,000
18.1% drop
2. 80 New England Hwy, Mount Kynoch
from $595,000 to $495,000
16.8% drop
3. 809/532 Ruthven Street
from $465,000 to $389,000
16.3% drop
4. 7 Olympus Court, Toowoomba
from $480,000 to $420,000
12.5% drop
5. Lot 4/484 West St, Kearneys Spring
from $295,000 to $259,000
12.2% drop
6. 17 Wilson Street, Rangeville
from $585,000 to $520,000
11.1% drop
7. 164 E. Drews Road, Wellcamp
from $995,000 to $890,000
10.6% drop
8. 34 Tourist Rd, East Toowoomba
from $1,070,000 to $995,000
7% drop
9. 2/402 Alderley St, Kearneys Spring
from $320,000 to $299,000
6.6% drop
10. 98 Luck Street, Drayton
from $173,850 to $164,800
5.2% drop
