Marrickville, Botany Bay and Hunters Hill property vendors avoid losses
There were no loss making property sales detected in just the three Sydney municipalities during the March quarter, according to the latest RP Data Pain and Gain report.
They were Marrickville, Botany Bay and Hunters Hill.
The highest volume of loss-taking was the 7% that sold for less than last time in the Wyong municipality where the typical loss was $40,000, followed by the 6.7% in the Pittwater municipality were the typical loss was $60,000.
The biggest losses were taken in the neighbouring Warringah municipality at a typical $437,500 drop.
None of the 43 municipalities secured gains well in excess of the biggest loss, with the biggest being a typical $400,000 gain in Hunters Hill and a $337,500 gain in the The Hills Shire.
Only 3% of homes re-sold over the March 2014 quarter in Sydney sold for less than their previous purchase price, down from 6.9% 12 months ago and at its lowest level since December 2003.
All regions had less than 8% of all re-sales at a loss over the quarter.
Click to open in new window:
Source: RP Data
