These properties have undergone drastic price cuts since they were first advertised for sale, but are they now worth buying?
These houses are refusing to budge, prompting some big discounts since their initial listing, according to SQM Research.
1. 22 Ford Street, Woodbridge, WA
Initial listing price: $1,250,000
Current listing price: $815,000
Discount: 35 per cent
Woodbridge's current median house price: $545,000 (source: CoreLogic RP Data)
2. 27 Stone Street, Panorama, SA
This six-bedroom, three-bathroom home in Adelaide has been on the market for more than 369 days.
Initial listing price: $1.39 million
Current listing price: $910,000
Discount: 35 per cent
Panorama's current median house price: $530,000 (source: CoreLogic RP Data)
3. 66 Kempenfeldt Avenue, Sorrento, WA
Initial listing price:$1.95 million
Current listing price: $1,349,000
Discount: 31 per cent
Sorrento's current median house price: $1,026,250 (source: CoreLogic RP Data)
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