35% of all Melbourne property resales were at a loss: CoreLogic

35% of all Melbourne property resales were at a loss: CoreLogic
35% of all Melbourne property resales were at a loss: CoreLogic

Over the June 2019 quarter, resales of Melbourne properties generated $4.316 billion worth of profits and $70.7 million in losses, according to the latest data from CoreLogic's Pain & Gain Report.

These figures indicated that Melbourne generated 26.4% of total resale profits nationally over the quarter as well as producing 9.8% of total resales losses.

 35% of all Melbourne property resales were at a loss: CoreLogic

Over the quarter, there were no resales at a loss in Macedon Ranges and Moorabool.

The council regions with the highest proportion of resales at a loss were Melbourne, Port Phillip and Stonnington.

With dwelling values now starting to rise throughout the city, the share of houses and units resold for a loss may start to fall over the coming quarters.

 35% of all Melbourne property resales were at a loss: CoreLogic

Tags: 
Melbourne Resales

Comments

Be the first one to comment on this article
What would you like to say about this project?