Perth accounts for almost a quarter of all losses among Australian sellers: CoreLogic

Over the June 2018 quarter, resales of residential properties in Perth created $876 million worth of resale profits which accounted for 5.6% of resale profits nationally, according to the latest Pain and Gain report from CoreLogic.

The report noted, Perth also created $109.8 million in loss making resales accounting for 23.4% of all losses nationally.

The regions of the city with the fewest resales at a loss over the quarter were: Cottesloe, Fremantle and Bassendean, while the highest share of resale losses were in Peppermint Grove (based on only one sale), Perth and Kwinana.

Perth has continued to see values fall over the quarter and subsequently resale losses have also risen.

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