Fairfield ranks as Sydney's weakest property location: CoreLogic
The Sydney metropolitian council regions with the highest proportion of loss-making resales over the June quarter were: Fairfield (5.1%) and both Gosford and Strathfield (4.4%), according to the latest CoreLogic Pain and Gain report.
The 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.
Some 2.5% of Sydney houses and 2.1% of units resold at a loss over the second quarter of 2016, with the proportion of loss-making resales remaining at near record lows.
Only 2% of homes resold in Sydney over the second quarter of 2015 sold at a loss.
The Botany Bay council area recorded no resales at a loss over the quarter.
Even those council areas that recorded the highest proportion of loss-making resales recorded a very low proportion of loss-making resales relative to other areas of the country.
Get the full report here