News Charles Sturt, Onkaparinga and Port Adelaide still feeling property pain: CoreLogic RP Data Pain & Gain
Charles Sturt, Onkaparinga and Port Adelaide still feeling property pain: CoreLogic RP Data Pain & Gain
Jonathan ChancellorDecember 7, 2020
Over the June 2015 quarter, 9.6% of Adelaide resales were at a gross loss, which was up from 9.3% at the end of the first quarter of 2015 but lower than the 10.9% over the same quarter last year.
The proportion of loss-making resales was relatively lower in the Prospect (2.0%), Holdfast Bay (2.7%) and Norwood Payneham and St Peters (2.7%) council areas, according to CoreLogic RP Data.
The highest proportions of loss-making resales over the quarter were recorded in Playford (28.3%), Mallala (20.0%) and Gawler (19.8%).
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Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.