Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic

Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic
Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic

Over the June 2018 quarter, resales of Melbourne properties generated $4.299 billion worth of profits and $37.1 million in losses, according to the latest CoreLogic Pain and Gain report.

The figures in the report indicated that Melbourne generated 27.4% of total resale profits nationally over the quarter as well as producing 7.9% of total resales losses.

Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic

Over the quarter, there were no resales at a loss in a number of council regions; Frankston, Mitchell and Murrindindi.

The council regions with the highest proportion of resales at a loss were Melbourne, Stonnington and Moonee Valley.

With dwelling values continuing to fall throughout the city, the share of houses and units resold for a loss rose over the quarter.

Click here to enlarge

Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic

Tags: 
Melbourne Corelogic Pain & Gain

Comments

Be the first one to comment on this article
What would you like to say about this project?