Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic

Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic
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.

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Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic

 

 

 

 

 

 

 

 

 

 

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%.

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Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic

Get the full report here

Tags: 
Melbourne Corelogic Pain & Gain

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