Canberra apartment resale losses soar: CoreLogic Pain and Gain
Staff reporterDecember 7, 2020
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.
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 |