Perth, Cottesloe and Mandurah top WA's biggest property sale losers: CoreLogic RP Data

Perth, Cottesloe and Mandurah top WA's biggest property sale losers: CoreLogic RP Data
Perth, Cottesloe and Mandurah top WA's biggest property sale losers: CoreLogic RP Data

Some 6.7% of resold homes across Perth in the March 2015 quarter were sold for less than the previous purchased price.

The compared to 5.5% the previous quarter and 4.4% a year earlier, according the CoreLogic RP Data pain gain report.

The 6.7% of resales at a loss is the highest for the city since February 2013.

The East Fremantle and Peppermint Grove council areas recorded no resales at a loss over the quarter while Belmont (1.7%) and Gosnells recorded less than 2% at a loss.

But the highest proportion of loss-making resales occurred in the Perth (23.8%), Cottesloe (22.2%) and Mandurah (18.6%) council areas. 

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Perth, Cottesloe and Mandurah top WA's biggest property sale losers: CoreLogic RP Data

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Western Australia Boom

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