Pain & Gain Results Reveal Latest Profit and Loss Areas
27 January 17
CoreLogic today released its latest Pain and Gain Property Report which delivers the most timely market analysis for residential property resales over the September 2016 quarter by comparing the most recent sale price to its previous sale price in order to determine the magnitude of profits made, or losses incurred by a vendor when selling a home.
No-one will be surprised to read that Sydney recorded the highest value of profit-making resales of all regions in Australia over the quarter, earning an overall profit of $6.22 billion. However, the most dramatic change over the year occurred in Perth and Darwin where the instances of loss on resales almost doubled, while Tasmania’s Hobart recorded a lower proportion of dwellings resold at a loss.
Adelaide was one of only three capital cities to record a lower loss rate this quarter while Melbourne now has the lowest proportion of loss-making house resales of all capital cities at 2.1%.
In Brisbane, the number of loss-making unit resales was more than double that of houses.
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