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
Melbourne CBD vendors lose $7 million in resales: CoreLogic RP Data Pain & Gain

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.

 

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Melbourne CBD vendors lose  million in resales: CoreLogic RP Data Pain & Gain

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Resales Dwelling Prices

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