One in ten apartments selling for a loss

Advertisement

By Leith van Onselen

From Core Logic-RP Data’s latest Pain & Gain report comes news that just over one in ten apartments transacted across Australia in the March quarter sold at a loss:

ScreenHunter_13761 Jun. 29 10.47

As shown above, Sydney was the outlier, with almost every other market recording double-digit resale losses in the apartment space.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.