Mandurah and Stirling rank as Perth's biggest loss making locations: CoreLogic RP Data Pain & Gain

Mandurah and Stirling rank as Perth's biggest loss making locations: CoreLogic RP Data Pain & Gain
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. 

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Mandurah and Stirling rank as Perth's biggest loss making locations: CoreLogic RP Data Pain & Gain

Jonathan Chancellor

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.

Tags: 
Residential Market Property Resales

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