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Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report
Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Over the March 2019 quarter, resales of residential properties in Perth created $904 million worth of resale profits which accounted for 6.3% of resale profits nationally.

But Perth also created $145 million in loss making resales, accounting for 25% of all losses nationally.

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Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Source: CoreLogic

The regions of the city with the fewest resales at a loss over the quarter were: Peppermint Grove, Nedlands and Murray, while the highest share of resale losses were in Perth, Rockingham and Mundaring.

Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Perth has continued to see values fall over the quarter and subsequently resale losses have also risen, a trend likely to continue.

Click here to enlarge

Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report

Source: CoreLogic

To buy the full CoreLogic Pain & Gain report, click here.

Tags: 
Perth Corelogic Pain & Gain

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