Prestige property prices dive in Port Douglas

  •  Vendors have slashed millions from the asking prices of some of the most expensive and extravagant mansions in Port Douglas and the nearby Daintree in tropical north Queensland.

Unrealistic expectations combined with a pullback from offshore buyers of trophy homes as the government clamps down on illegal purchases have combined to force down asking prices.

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Port D

The asking price for Alkira has been cut from $14m to $8.8m.

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