Adelaide recovers, but one in four Playford sellers lose money: CoreLogic

Adelaide recovers, but one in four Playford sellers lose money: CoreLogic
Adelaide recovers, but one in four Playford sellers lose money: CoreLogic

Over the June 2016 quarter, 9.3% of resales of Adelaide houses and 14.1% of units were at a gross loss, according to the latest CoreLogic Pain and Gain report. 

Both figures recorded were increases from the previous quarter.

The CoreLogic report compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss.

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Adelaide recovers, but one in four Playford sellers lose money: CoreLogic

The council areas with the lowest proportion of loss-making resales over the quarter were: Prospect (3.8%), Burnside (4.1%) and Walkerville (4.2%).

The council areas with the highest proportion of loss-making resales over the quarter were: Light (42.9%), Playford (27.7%) and Salisbury (12.7%).

Over the June 2015 quarter, 9.6% of Adelaide resales were at a gross loss, with the highest proportions of loss-making resales over the quarter at the same time last year were recorded in Playford (28.3%), Mallala (20.0%) and Gawler (19.8%).

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Adelaide recovers, but one in four Playford sellers lose money: CoreLogic

Get the full report here

Tags: 
Adelaide Corelogic Pain & Gain

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