Apartment holders in mining strongholds hemorrhage losses

Tuesday, 10 October 2017

From CoreLogic’s latest Pain & Gain report comes news that apartment owners in Australia’s mining strongholds hemorrhaged losses over the June quarter of 2017:

As shown above, just over one quarter of apartment holders in Brisbane sold at a loss in the June quarter, whereas the figure was around 40% in Western Australia and just over half in Darwin.

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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.