Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain

Darwin property resales at loss highest in Palmerston: CoreLogic Pain and Gain
Staff reporterJanuary 30, 2017

Over the September 2016 quarter, 26.4 percent of
 Darwin houses and 41.0 percent of Darwin units resold 
for less than their previous purchase price, according to CoreLogic’s latest Pain and Gain report.

The property data firm says that the instances of loss-making resales have continued 
to trend higher over the quarter from their previous record-highs.

The chart below relates to Darwin only losses in houses versus units.

Click to enlarge

Across the council areas, Litchfield saw the lowest proportion of loss-making resales (17.4%) followed by: Darwin (31.7%) and Palmerston (33.9%).

Click to enlarge

Editor's Picks

City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up
26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000