News

Home sellers slash prices

A two-bedroom sub-penthouse apartment in this luxurious Ruthven St complex has dropped in price by $76,000.
A two-bedroom sub-penthouse apartment in this luxurious Ruthven St complex has dropped in price by $76,000. Contributed

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

Topics:  home owners towoomba



Highway upgrade at Halfway Creek making progress

Works are progressing quickly on the Halfway Creek to Glenugie section of the Pacific Hwy upgrade. The project is due to be completed by the end of 2017.

Progress is being made on highway upgrade at Halfway Creek

NDIS prompts more training

Uni creates Disability Management courses

Christmas has arrived in Grafton

CHRISTMAS CHEER: Santa arrives at Grafton Shoppingworld on Saturday, ready to have his photo taken with all the kids in the Clarence Valley.

Santa has arrived at Grafton Shoppingworld

Local Partners

Sea planes land on the Big River

The Sea Planes Pilots Association were in Grafton to enjoy a weekend on the Clarence River


Bringing their Magic Mojo to Grafton

MAGIC: Head down to Roches Family Hotel for a brilliant mix of '70s, '80s and '90s music by Magic Mojo, a Coffs Coast band using their experience to give a brilliant performance.

Powerful trio to lift the top off Roches Hotel tonight

Catch Saturday night fever at the South Club

GEEZ WIZZ: Get your dancing shoes on for the UK Bee Geez Show.

The UK Bee Geez Show delivers a realistic tribute to pop legends

Audience in for a rare treat from husband and wife duo

Husband and wife Adam Eckersley and Brooke McClymont are playing at home this weekend for an intimate gig at the Pelican Playhouse.

"We love playing these up close and personal acoustic shows”

What's on the small screen this week

Ernie Dingo stars in the TV series Going Places with Ernie Dingo.

ERNIE Dingo stars in a new travel series and Seven airs the AACTAs.

Mandy Moore feels like she's 60

Mandy Moore sees herself as a 60-year-old rather than a 32-year-old

Goooodbye Hamish and Andy (from our radios)

Hamish and Andy

The pair have been on air since 2006

David Attenborough on facing his mortality

Sir David Attenborough in a scene from the TV special The Death of the Oceans.

Life without Sir David Attenborough is hard to imagine

Saying "I do" changed Shia's outlook on marriage

Shia LaBeouf has a new outlook on marriage since he tied the knot.

Singer tunes in to first movie role

Tori Kelly voices the character Meena in the movie Sing.

Musician Tori Kelly voices Meena the teenage elephant in Sing

Chinese locked out of Australian property market

The rules are different if you're a foreigner

The buyer was from China - the trouble started right there

Morrison signs off on new affordable rental model

Australia's Treasurer Scott Morrison speaks during a press conference after a meeting of the Council of Federal Financial Relations at Parliament House in Canberra, Friday, Dec. 2, 2016.

Scott Morrison signed off on development of a new financing model

Coast high-flyer's fight back from bankruptcy, $72m debt

Scott Juniper went from millionaire developer to declaring bankruptcy in2012, now he is back on top of his game again with new developments including this one in Coolum.

'Apocalyptic lending storm' causes financial collapse.

How your home can earn you big $$$$ this Christmas

This luxury Twin Waters home rents out over Christmas for more than $6000 a week.

Home owners earning thousands renting out their homes this Christmas

2000 jobs at multi-million dollar Ipswich project

INSIDE: Artist's impressions of the interior of the new Eastern Heights aged care precinct.

Sub-contractors needed to build $15m aged care facility

Ready to SELL your property?

Post Your Ad Here!