Sunshine Coast records South East Queenland's lowest proportion of resale losses: CoreLogic

Sunshine Coast records South East Queenland's lowest proportion of resale losses: CoreLogic
Sunshine Coast records South East Queenland's lowest proportion of resale losses: CoreLogic

Based on resales across Greater Brisbane over the second quarter of 2018, the total value of resales at a profit was $1.1 billion.

Meanwhile, the total value of resales at a loss was recorded at $27.1 million, according to the latest CoreLogic Pain and Gain report.

The report noted, Brisbane generated 5.8% of the total value of resale profits nationally over the quarter and 6.8% of the losses.

Sunshine Coast records South East Queenland's lowest proportion of resale losses: CoreLogic

Throughout south-east Queensland, the council regions with the lowest proportion of resales at a loss were Sunshine Coast, Redland and Moreton Bay while the highest proportion of resales at a loss occurred in Ipswich, Somerset and Toowoomba.

The divergence between houses and units for loss making sales is likely attributable to higher supply levels across key areas of the inner city and the subsequent falling unit values.

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Sunshine Coast records South East Queenland's lowest proportion of resale losses: CoreLogic

Tags: 
Brisbane Corelogic Pain & Gain

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