There is one Glenorchy mu­nic­i­pal­ity sub­urb where it is next to im­pos­si­ble to buy a house at a bar­gain price — Mon­trose

Mercury (Hobart) - Property - - HOT TOPIC - JARRAD BE­VAN

FOR those look­ing to buy a home at Mon­trose in Ho­bart’s north­ern sub­urbs, don’t ex­pect to squeeze the owner for a dis­count.

Mon­trose came out on top of CoreLogic RP Data’s monthly rank­ings of the small­est and largest av­er­age ven­dor dis­count fig­ures for the 12 months to July.

CoreLogic tracks the dif­fer­ence be­tween the orig­i­nal ask­ing price of a prop­erty for sale and the even­tual sale price of houses and units, which is rep­re­sented by a per­cent­age.

In Mon­trose, the dis­count was 0 per cent.

There were seven south­ern Tas­ma­nian sub­urbs that recorded dis­counts be­low 2 per cent.

Af­ter Mon­trose the next small­est dis­counts were found in Good­wood (0.5 per cent), War­rane (1 per cent), New Town (1.4 per cent), Honey­wood (1.5 per cent), May­dena (1.5 per cent) and Ranelagh (1.8 per cent).

At the op­po­site end of the scale, Lach­lan home­own­ers recorded a dis­count of 9.7 per cent and Seven Mile Beach 15.4 per cent.

There are cur­rently just seven prop­er­ties for sale in Mon­trose — two houses, two units and some land.

Of the houses, one is a fully ren­o­vated 1950s two-bed­room home in River­way Road listed at “Of­fers over $305,000”.

The other house is a four-bed­room home in Nambour Place listed at “Of­fers over $345,000” on realestate.com.au

The units range from $175,000 to $215,000, and the land from $99,000 to of­fers over $135,000, to an ex­pres­sions of in­ter­est sale for a 4000 square me­tre par­cel of land, which has pre­vi­ously had plans drawn up for a dozen units.

Ven­dor dis­counts for houses in the city ranged from 2.1 per cent in North Ho­bart to 4.2 per cent in West Ho­bart.

For units the split was 2.2 per cent for the sub­urb of Ho­bart, up to 5.7 per cent for West Ho­bart.

In Tassie’s pre­mium sub­urbs, Bat­tery Point units were sold at a dis­count of 2.7 per cent. House data was un­avail­able. In Sandy Bay the dis­count was 3.3 per cent for houses and 4.6 per cent for units.

CoreLogic’s av­er­age ven­dor dis­count per­cent­ages are an av­er­age of all pri­vate treaty sales that sold for less than their ini­tial ask­ing price dur­ing the pre­vi­ous 12 months.

Houses that were sold for more than the ask­ing price, auc­tion list­ings and list­ings that ap­pear without an ad­ver­tised ask­ing price are ex­cluded from the cal­cu­la­tion.

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