Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Over the March 2019 quarter, resales of residential properties in Perth created $904 million worth of resale profits which accounted for 6.3% of resale profits nationally.

But Perth also created $145 million in loss making resales, accounting for 25% of all losses nationally.

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Source: CoreLogic

The regions of the city with the fewest resales at a loss over the quarter were: Peppermint Grove, Nedlands and Murray, while the highest share of resale losses were in Perth, Rockingham and Mundaring.

Perth has continued to see values fall over the quarter and subsequently resale losses have also risen, a trend likely to continue.

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Source: CoreLogic

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