Playford region records Adelaide's highest proportion of loss making resales: CoreLogic RP Data

The northern suburbs region of Playford recorded the highest proportion of loss making resales of any Adelaide local government area in the December quarter, according to CoreLogic RP Data.

In the December quarter, 23.6% of all Playford home resales resulted in a loss. The northern suburb region, which includes Elizabeth, Smithfield, Munno Para, Angle Vale and Yattalunga, had a median loss of $14,000.

While it recorded the highest share of loss-making resales, Playford's median loss was more modest than many other Adelaide regions. In Unley, for example, where only 1.3% of December quarter sales resulted in a net loss, the median loss was far more severe, at $104,750.

In total, $1.3 million was lost by Playford vendors in the final quarter of 2014.

Vendors paid $213,000 for 40 Charta Circuit in Smithfield (pictured above) in 2007. The three bedroom house sold earlier this month for $205,000.

Across Adelaide, losses were trending downwards. In the December quarter, 8.9% of all Adelaide resales occurred at a loss, which CoreLogic's Pain and Gain report noted was the lowest loss rate recorded in Adelaide since the year to November 2011.

Mallala was the only Adelaide region to record no losses in the December 2014 quarter, although many would regard it a separate town. The region, north of Adelaide, had an 100% success rate, with a median profit of $95,000.