Canberra following capital city trend of slowing rate of value growth: CoreLogic Pain & Gain

Canberra following capital city trend of slowing rate of value growth: CoreLogic Pain & Gain
Canberra following capital city trend of slowing rate of value growth: CoreLogic Pain & Gain

There were $3.3 million worth of resales at a loss for Canberra which accounted for 0.8% of the total value of losses nationally, over the first quarter of 2018.

The market also recorded $214.2 million in realised profits which accounted for 1.4% of profits nationally, according to CoreLogic's pain and gain report.

Canberra following capital city trend of slowing rate of value growth: CoreLogic Pain & Gain

Over the quarter, the share of houses and units resold at a loss increased slightly.

The climb in loss-making resales mirrors what is happening across most capital cities and reflects the slowing rate of value growth across the city.

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Canberra following capital city trend of slowing rate of value growth: CoreLogic Pain & Gain

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Canberra Corelogic Pain & Gain

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