Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic

Slight improvement, but around 19% of Melbourne CBD apartment sellers cop sale pain: CoreLogic
Staff reporterSeptember 28, 2016

The Melbourne metropolitan council regions with the highest proportion of loss making resales over the quarter were: the inner city Melbourne CBD (19.2%), Murrindindi (12.5%) and Stonnington (10.7%), according to the latest CoreLogic Pain and Gain report.

The regions with the highest proportion of loss-making resales at the same time in 2015 were Melbourne (20%), Stonnington (12%) and Moonee Valley (10.3%).

Over the year the median loss moved from $28,125 to $39,950 in the latest quarter.

Some 2.1% of all Melbourne houses and 9.3% of units resold at a loss over the June 2016 quarter, with the proportion of loss-making house and unit sale lower over the quarter.

Click to enlarge

 

 

 

 

 

 

 

 

 

 

The Knox (1.0%), Frankston (1.1%) and Maroondah (1.4%) council areas recorded the lowest proportion of resales at a loss over the quarter.

The council regions with the highest proportion of profit making resales over the quarter was Knox on 99%.

Click to enlarge

Get the full report here

Editor's Picks

Madeline, Moorabbin apartments approach completion
Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district
Citimax to continue to elevate Sunshine Coast living with Ascend Kings Beach
Walker Corp get sign off for SOL by Walker in Maroochydore
First look: Surfers Paradise riverfront set for more new apartments