Greater Brisbane house and apartment resale markets diverge strongly: CoreLogic
The Greater Brisbane dwelling market is diverging by property type in terms of resale losses, according to the latest Pain & Gain report from CoreLogic.
The divergence between houses and units for loss making sales is likely attributable to higher supply levels of units across key areas of the inner city and the subsequent falling unit values.
The highest proportion of resales at a loss occurred in Lockyer Valley, Somerset and Brisbane.
Throughout south-east Queensland, the council regions with the lowest proportion of resales at a loss were Sunshine Coast, Logan and Redland.
Based on resales across Greater Brisbane over the first quarter of 2018, the total value of resales at a profit was $1.2 billion while the total value of resales at a loss was recorded at $29 million.
Brisbane generated 7.8% of the total value of resale profits nationally over the quarter and 6.8% of the losses..
