Quarterly loss making resales felt in Melbourne, Mitchell and Stonnington: CoreLogic RP Data Pain & Gain

Property ObserverMarch 22, 20160 min read

Despite Melbourne being the price growth setter of the nation over the past year some 5.4 percent of Melbourne resales over the September 2015 quarter were at a price lower than the previous purchase price, according to CoreLogic RP Data Pain and Gain report.

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This was down from 6.5 percent a year earlier and 5.6 percent at the end of the previous quarter. Murrindindi was the only council region to record no resales at a loss over the quarter while Knox (1.5 percent), Whitehorse (1.7 percent) and Yarra Ranges (1.9 percent) also had less than 2 percent of resales at a loss. The regions with the highest proportion of loss-making resales were Melbourne (24.8 percent), Mitchell (13.8 percent) and Stonnington (10.7 percent). 

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