Expert insights Buying Mandurah, Nedlands and Perth highest WA loss making resale proportion: CoreLogic RP Data
Mandurah, Nedlands and Perth highest WA loss making resale proportion: CoreLogic RP Data
Michael CrawfordDecember 8, 2020
Some 11.4% of resold homes across Perth in the September 2015 quarter were sold for less than the previous purchase price, according to CoreLogic RP Data.
It was the highest proportion of loss-making resales since July 2012.
The 11.4% of resales at a loss is up from just 5% 12 months ago.
The Cottesloe and Peppermint Grove council areas recorded no resales at a loss over the quarter, while Serpentine-Jarrahdale (2.3%) was the only other region below 5%.
The highest proportion of loss-making resales occurred in the Perth (37.1%), Mandurah (23.6%) and Nedlands (20%) council areas.
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.