Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic
The Melbourne metropolitan council regions with the highest proportion of loss making resales over the quarter were: the inner city Melbourne CBD (19.2%), Murrindindi (12.5%) and Stonnington (10.7%), according to the latest CoreLogic Pain and Gain report.
The regions with the highest proportion of loss-making resales at the same time in 2015 were Melbourne (20%), Stonnington (12%) and Moonee Valley (10.3%).
Over the year the median loss moved from $28,125 to $39,950 in the latest quarter.
Some 2.1% of all Melbourne houses and 9.3% of units resold at a loss over the June 2016 quarter, with the proportion of loss-making house and unit sale lower over the quarter.
The Knox (1.0%), Frankston (1.1%) and Maroondah (1.4%) council areas recorded the lowest proportion of resales at a loss over the quarter.
The council regions with the highest proportion of profit making resales over the quarter was Knox on 99%.
Get the full report here