Thursday, September 20, 2018

CoreLogic Pain and Gain report | Sydney

Throughout the second quarter of 2018, the total value of resales for a profit in Sydney was $5.023 billion and the total value of resales at a loss was $52.7 million. Sydney1 300x185

Based on this data, Sydney accounted for 32.0% of all resales at a profit nationally over the quarter and 11.2% of the total value of resale losses.

Hunters Hill, Mosman and Strathfiled each recorded no resales at a loss over the quarter while Canterbury, Auburn and Hurstville had the highest proportion of resales at a loss throughout the city.

With dwelling values in Sydney declining, the instances of resales at a loss has edged higher; a trend that is likely to continue as prices trend lower.

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You may also want read:

CORELOGIC PAIN AND GAIN REPORT | NATIONAL OVERVIEW

CORELOGIC PAIN AND GAIN REPORT | HOUSES VS UNITS

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