Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain

Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain
Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain

Over the September 2016 quarter, 26.4 percent of
 Darwin houses and 41.0 percent of Darwin units resold 
for less than their previous purchase price, according to CoreLogic’s latest Pain and Gain report.

The property data firm says that the instances of loss-making resales have continued 
to trend higher over the quarter from their previous record-highs.

The chart below relates to Darwin only losses in houses versus units.

Click to enlarge

Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain

Across the council areas, Litchfield saw the lowest proportion of loss-making resales (17.4%) followed by: Darwin (31.7%) and Palmerston (33.9%).

Click to enlarge

Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain

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Darwin Corelogic Pain & Gain

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