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CoreLogic’s most recent Pain & Gain Report revealed that 16.8% of unit owners sold their properties for a loss in the December quarter of 2020, which was more than double the losses for houses (7.6%):
Loss making unit sales are more than double that for detached houses.
The latest rental data also showed that unit rents fell sharply across Melbourne and Sydney in the year to April 2021; albeit the pace of losses has moderated:
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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.