Losing resale levels falling across Canberra: CoreLogic RP Data's Pain & Gain

Losing resale levels falling across Canberra: CoreLogic RP Data's Pain & Gain
Losing resale levels falling across Canberra: CoreLogic RP Data's Pain & Gain

Over the three months to December 2015, 7.6 percent of Canberra homes re-sold at a loss compared to 11.2 percent over the previous quarter and 10.9 percent a year earlier, according to the latest Pain & Gain report from Core Logic RP Data.

It was Canberra's lowest proportion of loss-making resales since February 2014.

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Losing resale levels falling across Canberra: CoreLogic RP Data's Pain & Gain

Across Canberra 69 auctions were held this week with a 64 percent sales success including the $1,515,000 sale of the former bolthole of the former Federal Treasurer Joe Hockey.

The fringe property market of Canberra has undergone significant development within the past 24 months, say valuation firm Herron Todd White in their April 2016 property clock.

The median price for a house in Forrest is $2,150,000, according to CoreLogic RP Data.

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Canberra Residential Market

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