The Property Bargain Bin
We scan every listing in Australia and flag the ones priced well below what they should be worth. Here are 20 that stood out. Contact us for the full list.
By Luke Metcalfe | 3 March 2026
We scan every property currently listed for sale in Australia. Not a sample. All of them.
For each one, we compare the asking price to our automated valuation model (AVM). If the asking price is well below the AVM valuation, it gets flagged.
This page shows the 100 biggest gaps. Properties listed at 50% or more below what their neighbours have sold for.
Think of it as a bargain bin. Some of these will be genuine deals. Some will have a catch. A few probably will not sell for that price at all. But they are all worth a look if you are hunting for value.
What you will find in here
The median asking price is $320,250. The range runs from $50,000 to $1.78 million. 10 are listed under $200,000. 88 of the 100 are under $500,000.
They span seven states and territories. Most are in Victoria (69), but there are 17 in NSW, 4 each in Queensland and the ACT, and a handful across the NT, WA, and SA.
Why most of these are in Melbourne
You will notice 69 of the 100 are in Victoria. That is not a data error. Melbourne had the biggest apartment construction boom in Australia between 2015 and 2019. Thousands of new units hit the market in a short window.
Then three things happened at once. State and federal governments introduced foreign investor taxes, which cut a major source of buyer demand. COVID emptied CBD apartments as international students and office workers left. And the shift to working from home made small inner-city units less attractive than they were before.
The result is oversupply meeting reduced demand. That is why Melbourne apartments dominate this list. Many owners are trying to exit at prices well below what they paid.
A few that caught our eye
Listing says "must sell". Pyrmont is a well-established Sydney suburb. At roughly half its AVM valuation, this one stands out.
Listed "as-is". A three-bedroom house for $150,000 is rare anywhere in Australia.
Balwyn North is a premium suburb. The AVM is calibrated against local house prices, so this apartment sits in a different segment entirely. That is the catch here.
88% below the AVM valuation sounds too good to be true. It probably is. Malvern East is a house suburb. But at that price, it costs nothing to investigate.
Why some of these will not be what they seem
Different property type. The AVM accounts for property type, but apartments in house-dominated suburbs can still appear as large discounts. That is not always a genuine deal.
Condition issues. Some are sold "as-is" or need work. The low price reflects renovation costs.
Thin markets. In regional towns with few sales, the AVM can be less reliable due to limited comparable data.
The price is aspirational. Some agents list low to generate interest. The property may sell for well above the asking price.
The point is not that every property here is a good buy. The point is that every property here is worth a closer look. The scan flags them. The homework is yours.
Top 20 bargains
| # | Property | Asking | AVM Value | Gap | Note |
|---|---|---|---|---|---|
| 1 | 12 Robina Street St Ives Chase, NSW 2075 | $1,780,000 | $2,990,000 | 41% | separation |
| 2 | 28 Mcrae Drive Dalyston, VIC 3992 | $169,000 | $590,000 | 65% | |
| 3 | 107/19-25 Nott Street Port Melbourne, VIC 3207 | $345,000 | $882,500 | 60% | |
| 4 | 23 Forest Road Kioloa, NSW 2539 | $480,000 | $895,000 | 46% | |
| 5 | 4/1-3 Bulga Rd Dover Heights, NSW 2030 | $636,500 | $1,440,000 | 52% | |
| 6 | 215/2 Akuna Street City, ACT 2601 | $287,000 | $572,500 | 47% | price reduced, vacant possession |
| 7 | 5/2A Bates Street Malvern East, VIC 3145 | $297,000 | $901,500 | 50% | |
| 8 | 1114/52 Park Street South Melbourne, VIC 3205 | $300,000 | $682,000 | 52% | |
| 9 | 301/1-9 Meagher Street Chippendale, NSW 2008 | $300,000 | $750,000 | 50% | |
| 10 | 21 Owen Avenue Kyeemagh, NSW 2216 | $800,000 | $1,870,000 | 55% | |
| 11 | 150 Anketell Street Greenway, ACT 2900 | $299,000 | $635,000 | 45% | Re-listed 40x |
| 12 | 5 Forrest Street Northampton, WA 6535 | $65,000 | $366,000 | 65% | |
| 13 | 97 Forrest Street Northampton, WA 6535 | $50,000 | $366,000 | 68% | |
| 14 | 2 Verry Street Winston, QLD 4825 | $135,000 | $288,000 | 25% | under instruction, all offers considered |
| 15 | 100 Esmond Road Port Pirie South, SA 5540 | $205,000 | $280,125 | 30% | under instruction, needs work |
| 16 | 2/6 Mayston Street Hawthorn East, VIC 3123 | $200,000 | $695,000 | 48% | |
| 17 | 6/270 Williams Road Toorak, VIC 3142 | $330,000 | $870,000 | 60% | |
| 18 | 2/11 Sunset Drive Winston, QLD 4825 | $115,000 | $288,000 | 59% | |
| 19 | 9/101 Hennessy Street Belconnen, ACT 2617 | $205,000 | $490,000 | 54% | |
| 20 | 1/903 Dandenong Road Malvern East, VIC 3145 | $110,000 | $901,500 | 60% |
Want the full list of 100 properties?
Contact our research team for access to the complete dataset, including properties filtered by state, suburb, or price range.
Contact Us for the Full ListHow we find them
We compare every listed property against our AVM valuation. The AVM is built from actual settled transactions across the last two years.
We filter for properties at least 50% below their AVM. We also check for distress signals in the listing description and whether the property has been listed multiple times. None of that guarantees a bargain. But it narrows the field.
Related research
Generated 04 March 2026 at 08:34:14
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