Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report
Staff reporterJuly 10, 2019

Over the March 2019 quarter, resales of residential properties in Perth created $904 million worth of resale profits which accounted for 6.3% of resale profits nationally.

But Perth also created $145 million in loss making resales, accounting for 25% of all losses nationally.

Click here to enlarge

Source: CoreLogic

The regions of the city with the fewest resales at a loss over the quarter were: Peppermint Grove, Nedlands and Murray, while the highest share of resale losses were in Perth, Rockingham and Mundaring.

Perth has continued to see values fall over the quarter and subsequently resale losses have also risen, a trend likely to continue.

Click here to enlarge

Source: CoreLogic

To buy the full CoreLogic Pain & Gain report, click here.

Editor's Picks

Hamton launches sales at Scotch Hill Gardens, Hawthorn
RBA cut interest rates amid inflation decline
Reddam House North Shore opening to lure families to North Sydney
Woolworths to sell another prime Brisbane development site with apartment approval
TOGA's vision for building vibrant new community precincts across Sydney