Bust continues with one in five apartments sold 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 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:

Obviously, this data pre-dates the price bounce over the December quarter:

Therefore, expect the overall loss rates to fall from here.

Leith van Onselen

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