Expert insights Buying Melbourne CBD vendors lose $7 million in resales: CoreLogic RP Data Pain & Gain
Melbourne CBD vendors lose $7 million in resales: CoreLogic RP Data Pain & Gain
Jonathan ChancellorDecember 7, 2020
Some 5.7% of sales across Melbourne over the June 2015 quarter were at a price lower than the previous purchase price.
This was down from 6.6% a year earlier and 6.4% at the end of the previous quarter, according to the recent CoreLogic RP Data Pain & Gain report.
The Macedon Ranges, Mitchell and Murrindindi council areas were the only regions across the city to record no resales at a loss over the quarter.
The regions with the highest proportion of loss-making resales were Melbourne (20.0%), Stonnington (12.0%) and Moonee Valley (10.3%).
Melbourne CBD vendors lost $7 million in their sales that went backwards.
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.