Darwin dwelling value declines remain steady: CoreLogic Pain & Gain

Darwin dwelling value declines remain steady: CoreLogic Pain & Gain
Darwin dwelling value declines remain steady: CoreLogic Pain & Gain

Over the March 2018 quarter, resales of Darwin properties generated $31.8 million in profits and $9.1 million in losses.

Based on these figures, Darwin generated 0.2% of national profit and 2.1% of the total value of losses.

Each region of the city has recorded a high proportion of resales at a loss.

Darwin dwelling value declines remain steady: CoreLogic Pain & Gain

Both Darwin and Palmerston recorded a share of loss in excess of 30% of all resales while Palmerston was only slightly below the 20% mark.

The share of houses resold at a loss was quite steady over the quarter while there was a rebound in losses across the unit market.

With a recent steadying of dwelling value declines, CoreLogic suggest it will be interesting to see how losses perform over the coming quarters.\

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Darwin dwelling value declines remain steady: CoreLogic Pain & Gain

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Darwin Corelogic Pain & Gain

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