Perth accounted for 23% of all residential resale losses nationally: CoreLogic Pain & Gain report

Perth created $98.1 million in loss making resales accounting for 22.9% of all losses nationally, over the March 2018 quarter.

Its resales of residential properties in Perth created $889 million worth of resale profits which accounted for 6% of resale profits nationally.

Peppermint Grove had no resales at a loss.

No other council region had fewer than 15% of resales at a loss over the quarter.

The highest proportion of resales at a loss over the quarter was recorded in the Perth, Mandurah and Rockingham council areas.

With the housing market across Perth showing tentative signs of bottoming out, we may start to see loss making sales steady however, both houses and units recorded an increase over the quarter.

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