One-in-five apartments selling for a loss

CoreLogic has released its latest Pain & Gain Report, which reveals that more than one-in-five apartments were sold at a loss across Australia’s capital cities over the June quarter:

As you can see, around one-in-ten detached houses also sold at a loss across the combined capitals.

As shown below, losses are especially high across Perth and Darwin, where more than one-third of dwellings were sold at a loss in the June quarter:

Obviously, this data pre-dates the recent price bounce across Sydney, Melbourne and Brisbane:

Therefore, the overall loss rates should fall from here.

Unconventional Economist
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