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

35% of all Melbourne property resales were at a loss: CoreLogic
Staff reporterDecember 7, 2020

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.

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.

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Melbourne
Resales

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