Toowoomba escapes the pain of loss-making resales: CoreLogic
Across Greater Brisbane, the proportion of loss-making resales has increased over the past quarter, according to the latest CoreLogic Pain and Gain report.
The report found that 5.5% of houses and 17.3% of units sold for a loss over the June quarter, up from 5.3% and 14.5% respectively in 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.
Looking more broadly at the South-East Queensland region, the council areas with the lowest proportion of loss-making resales were: Toowoomba (5.3%), Brisbane (6.6%) and Redland (7.3%).
Meanwhile, the regions with the highest proportion of loss-making resales were: Scenic Rim (23.8%), Lockyer Valley (17.4%) and Somerset (16.7%).
Get the full report here