Marrickville, Botany Bay and Hunters Hill property vendors avoid losses

Marrickville, Botany Bay and Hunters Hill property vendors avoid losses
Marrickville, Botany Bay and Hunters Hill property vendors avoid losses

There were no loss making property sales detected in just the three Sydney municipalities during the March quarter, according to the latest RP Data Pain and Gain report.

They were Marrickville, Botany Bay and Hunters Hill.

The highest volume of loss-taking was the 7% that sold for less than last time in the Wyong municipality where the typical loss was $40,000, followed by the 6.7% in the Pittwater municipality were the typical loss was $60,000.

The biggest losses were taken in the neighbouring Warringah municipality at a typical $437,500 drop.

None of the 43 municipalities secured gains well in excess of the biggest loss, with the biggest being a typical $400,000 gain in Hunters Hill and a $337,500 gain in the The Hills Shire.

Only 3% of homes re-sold over the March 2014 quarter in Sydney sold for less than their previous purchase price, down from 6.9% 12 months ago and at its lowest level since December 2003.

All regions had less than 8% of all re-sales at a loss over the quarter.

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Marrickville, Botany Bay and Hunters Hill property vendors avoid losses

Source: RP Data

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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New South Wales

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