Losses seen in all Brisbane regions for March quarter, with Ipswich the biggest loser

Losses seen in all Brisbane regions for March quarter, with Ipswich the biggest loser
Losses seen in all Brisbane regions for March quarter, with Ipswich the biggest loser

No Brisbane municipalities escaped losses for property sales during the March quarter, according to the latest RP Data Pain and Gain report.

All eight Brisbane council regions saw some loss making sales in the quarter.

Ipswich had the highest volume of loss-taking, with 19.2% of properties sold in the quarter securing less than their purchase price. In Ipswich, the median loss was $21,000. The proportion of losses was second highest in Moreton Bay, where the median loss was $25,000.

The biggest losses were taken in Somerset, with a median $33,750 drop.

Profits outweighed losses in all Brisbane municipalities. The biggest typical profits were seen in the Scenic Rim region, with a median profit of $170,000, and the Brisbane municipality, with a $140,000 gain.

Some 10.9% of Brisbane homes which re-sold over the March 2014 quarter sold at a loss, down from 16.6% at the same time last year. The proportion of loss-making re-sales is at the lowest level since the quarter to May 2011. 

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Losses seen in all Brisbane regions for March quarter, with Ipswich the biggest loser

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Brisbane

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