Every Hunters Hill and Strathfield resale achieved profit in June quarter: CoreLogic

Every Hunters Hill and Strathfield resale achieved profit in June quarter: CoreLogic
Every Hunters Hill and Strathfield resale achieved profit in June quarter: CoreLogic

Sydney accounted for 32% of all resales at a profit nationally over the June 2018 quarter.

Sydney accounted for 11.2% of the total value of resale losses, according to the latest CoreLogic Pain and Gain report. 

The report noted that, throughout the second quarter of 2018, the total value of resales for a profit in Sydney was $5.023 billion.

The total value of resales at a loss was $52.7 million.

Every Hunters Hill and Strathfield resale achieved profit in June quarter: CoreLogic

Hunters Hill, Mosman and Strathfiled all recorded no resales at a loss over the quarter while Canterbury, Auburn and Hurstville had the highest proportion of resales at a loss throughout the city.

With dwelling values in Sydney declining, the instances of resales at a loss has edged higher; a trend that is likely to continue as prices trend lower.

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Every Hunters Hill and Strathfield resale achieved profit in June quarter: CoreLogic

Tags: 
Sydney Corelogic Pain & Gain

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