Canberra apartment resale losses soar: CoreLogic Pain and Gain

Canberra apartment resale losses soar: CoreLogic Pain and Gain
Canberra apartment resale losses soar: CoreLogic Pain and Gain

The performance of house and unit resales across Canberra has continued to diverge over the past quarter, according to CoreLogic's Pain and Gain report.

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Canberra apartment resale losses soar: CoreLogic Pain and Gain

The property data firm says that 9.6% of all dwellings resold at a loss over the quarter, split 3.4% of houses and 25.5% of units.

 

Gross loss-making sales, Sept 16 qtr

Gross profit-making sales, Sept 16-qtr

Profit

% of all sales

Median hold period

Median loss

Total value of loss

% of all sales

Median hold period

Median profit

Total value of profit

Unincorporated ACT

12.2%

5.4

-$25,700

-$5,240,229

87.8%

9.3

$170,500

$189,216,296

Tags: 
Canberra Corelogic Pain & Gain

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