MEDIA RELEASE – FOR IMMEDIATE RELEASE
Bagging a property bargain
1
September 2009
The terms ‘bargain’ and ‘discount property’ are being flung around like an imitation
Prada bag among property investors and in the media, but it’s not until the stitches
loosen and the fake leather tears that you discover what’s really below the surface.
Australian Property Investor delves below the surface to discover the difference
between the two terms – if they’re interchangeable or really quite distinct, and how
this can ‘make or break’ an investor’s purchasing decision.
“It’s important to seriously analyse what the difference is between the two terms
because if you’re wanting to make your money at purchase point, you really need to
know the true reason why you’re paying less for the property,” says API journalist
Nicole Navarro.
“It appears that a bargain is an undervalued property in most cases, while a
discounted property is one that either just can’t move off the shelf for problematic
reasons or is sold before the true market value is realised.”
API also explores whether investors should include bargains and discounts on their
property checklist; which dwelling type is easier to pick up as a bargain – apartments
or houses; and when is the best time to pick up a discounted property.
To further demonstrate the major differences between ‘bargains’ and ‘discounts’, in
its September issue API profiles a current example of each across all Australian
states and territories.
These examples include:
NSW – Bargain suburb: Rockdale; Discounted property: Strathfield.
VIC – Bargain suburb: Kensington; Discounted property: St Kilda.
QLD – Bargain suburb: Fairfield; Discounted property: Paradise Point.
WA – Bargain suburb: Bassendean; Discounted property: Brookdale.
SA – Bargain suburb: Black Forest; Discounted property: North Haven.
TAS – Bargain suburb: Lutana; Discounted property: Queenstown.
ACT – Bargain suburb: Kaleen; Discounted property: Yarralumla.
NT – Bargain suburb: Rockdale; Discounted property: Strathfield.
# # # ENDS
FOR FURTHER INFORMATION OR PHOTO OPPORTUNITIES:
Please contact Eynas Brodie
Editor, API
W: (07) 3720 9422
E: editor@apimagazine.com.au
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