Perth CBD residential property sellers cop sale pain 50% of the time: CoreLogic

Perth CBD residential property sellers cop sale pain 50% of the time: CoreLogic
Perth CBD residential property sellers cop sale pain 50% of the time: CoreLogic

The Perth metropolitian council regions with the highest proportion of loss making resales over the quarter were: Perth (52.8%), Mosman Park (37.5%) and Cottesloe (33.3%), 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 17.9% of resold houses and 30.2% of resold units across Perth over the June 2016 quarter were sold for less than the previous purchase price, with loss-making resales of houses at their highest level since September 1996 and unit losses at record highs.

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Perth CBD residential property sellers cop sale pain 50% of the time: CoreLogic

The Peppermint Grove council area recorded no resales at a loss over the quarter, while Nedlands (7.7%) and Bassendean (8.3%) were the other two regions with the lowest proportion of loss-making resales.

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Perth CBD residential property sellers cop sale pain 50% of the time: CoreLogic

Get the full report here.

Tags: 
Perth Corelogic Pain & Gain

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