Mandurah and Stirling rank as Perth's biggest loss making locations: CoreLogic RP Data Pain & Gain
Mandurah vendors lost $6 million plus in recent property resales, with Stirling ranking next as Perth's biggest loss making locations, according to the recent CoreLogic RP Data Pain & Gain report.
Overall around 8.6% of resold homes across Perth in the June 2015 quarter were sold for less than the previous purchase price compared to 6.7% the previous quarter and 4.2% a year earlier.
The 8.6% of resales at a loss ranks as the highest for the capital city since January 2013.
Peppermint Grove council areas recorded no resales at a loss over the quarter, while Claremont (3.3%) and Canning (3.5%) also had a low proportion.
The highest proportion of loss-making resales occurred in the Perth (27.5%), Mandurah (21.4%) and Murray (18.9%) council areas.
