Melbourne off-the-plan apartment buyers heamoraging losses

Tuesday 28 March 2017

CoreLogic’s most recent Pain & Gain report, released in late-January, revealed that one in eight apartments transacted across Australia in the September quarter sold at a loss:

Now BIS Oxford Economics has released data showing that more than half of all off-the-plan apartments purchased in Melbourne over the past five years have sold at a loss. From Domain:

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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.