Darwin pain for vendors rising: CoreLogic RP Data

Darwin pain for vendors rising: CoreLogic RP Data
Darwin pain for vendors rising: CoreLogic RP Data

Across Darwin over the three months to March 2015, 11.1% of homes resold at a loss, according to CoreLogic RP Data.

That compared to 10.1% at the end of the previous quarter and 6.5% at the same time in 2014.

The proportion of loss-making resales has been trending higher as housing market conditions weaken in the city, the CoreLogic RP Data paing gain report noted.

The relatively less developed Litchfield region has recorded the lowest proportion of loss-making resales over the quarter (3.1%) compared to 5.6% in Palmerston and 16.4% in Darwin. 

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Darwin pain for vendors rising: CoreLogic RP Data

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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