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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 September quarter:
As you can see, nearly 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 September quarter:
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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.