Unit resales at a loss were double house resales: CoreLogic Pain & Gain Report

Unit resales at a loss were double house resales: CoreLogic Pain & Gain Report
Unit resales at a loss were double house resales: CoreLogic Pain & Gain Report

Across the nation, a higher proportion of houses are resold at a profit than units, according to the latest CoreLogic Pain and Gain report for the June quarter.

They found that this trend is also evident across the combined capital city and combined regional markets.

In Melbourne, units were more than 4.5 times likely to resell at a loss than houses while in Brisbane units were 5.5 times as likely to resell for a loss as houses and in Canberra units were 7.4 times more likely to resell at a loss than houses.

Each and every individual capital city and rest of state region recorded a greater share of unit resales at a loss than houses.

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Unit resales at a loss were double house resales: CoreLogic Pain & Gain Report

"For the capital cities, the proportion of houses reselling at a gross profit was lower over the quarter in all capital cities except for Hobart and Darwin," the report said.

"For capital city units, the share of resales at a profit was lower over the quarter across each capital city except for Melbourne, Adelaide, Perth and Canberra.

"For the regional housing markets, the proportion of houses reselling for a profit reduced over the quarter in all regional markets except WA.

"For units, profit-making resales increased over the quarter in regional Vic, regional SA, regional Tas and regional NT with declines recorded elsewhere."

Tags: 
Resales Unit Sales

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