Adelaide properties generating profit, but values only rising moderately: CoreLogic

Adelaide properties generating profit, but values only rising moderately: CoreLogic
Adelaide properties generating profit, but values only rising moderately: CoreLogic

During the first quarter of 2018, resales of Adelaide properties generated $491 million in profits and $14.9 million in losses.

These resales accounted for 3.3% of total resale profits nationally and 3.5% of resale losses.

Adelaide properties generating profit, but values only rising moderately: CoreLogic

The regions with the lowest share of resale losses over the quarter were Burnside, Prospect and Unley while the greatest share of resale losses occurred in Playford, Walkerville and Adelaide.

Adelaide is continuing to see only moderate increases in values however, like most other capital cities, the share of resales at a loss has increased over the quarter.

Adelaide properties generating profit, but values only rising moderately: CoreLogic

Tags: 
Adelaide Corelogic Pain & Gain

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