Fairfield ranks as Sydney's weakest property location: CoreLogic

Fairfield ranks as Sydney's weakest property location: CoreLogic
Staff reporterSeptember 29, 2016

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.

Click to enlarge

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.

Click to enlarge

Get the full report here

Editor's Picks

City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up
26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000