PHOTO: Instead of being sold in just one month, a small number of Australian homes are still struggling to find a buyer after more than a year on the market.
- A handful of Australian properties have been unable to find a buyer after a year
- This is despite property price records being set in most Australian sub markets
- REA Group revealed the key reasons why some properties just can’t find buyer
A handful of properties can’t find a buyer after more than a year on the market even as real estate price records are smashed across most of Australia.
From poor marketing to being an acquired taste, the REA Group has revealed nine properties that have failed to sell despite being advertised since January 2020.
Homes in Australia usually sell after 30 days from the time stylised photographs are taken and listed on a sales website like realestate.com.au.
The national average is 48 days when rural properties are factored in.
A house at Kingaroy, north-west of Brisbane, however, has been on the market for 436 days having been listed on New Year’s Day last year – before the first case of Covid came to Australia.
The four-bedroom home on two hectares is available for an affordable $349,000 but the photographs inside haven’t done it justice with a kitchen image showing an Aldi bag on a chair and an ironing board being left out.
The homes that can’t sell during a boom
Kingaroy, Queensland: Listed January 1, 2020, 436 days
Adelaide, South Australia: Listed January 2, 2020, 435 days
Newman, Western Australia: Listed January 3, 2020, 434 days
Timboon, Victoria: Listed January 3, 2020, 434 days
Blaxlands Ridge, New South Wales: Listed January 5, 2020, 432 days
Railton, Tasmania: Listed January 6, 2020, 431 days
St Helens, Tasmania: Listed Janaury 8, 2020, 429 days
Bees Creek, Northern Terrritory: Listed January 13, 2020, 424 days
Canberra, Australian Capital Territory: Listed January 17, 2020, 420 days
Source: REA Group
Several cringe worthy images of kookaburras have failed to sell a $1.58million home at Blaxlands Ridge, in the Hawkesbury region in Sydney’s outer north-west. The five-bedroom house with three bathrooms and 11 car spaces has been on the market for 432 days
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