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.