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Apartments sold at a loss hit 12.6pc, CoreLogic RP Data says

Discussion in 'Property Market Economics' started by MGF, 29th Sep, 2015.

  1. MGF

    MGF Well-Known Member

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    http://www.afr.com/real-estate/resi...-126pc-corelogic-rp-data-says-20150928-gjwydc

    Loss-making apartment sales rose to 12.6 per cent in the June quarter, in a further sign of moderating conditions in the housing market, CoreLogic RP Data figures show.

    The proportion of standalone houses sold at a gross loss compared to their original purchase price rose was 7.7 per cent, unchanged from last quarter, and 12.6 per cent of all units sold at a loss, slightly worse than 12.5 per cent in the March quarter.

    For all homes, the figure was 9.1 per cent of all transactions in the three months to June, up from 8.9 per cent in the March quarter and December's 8.6 per cent, the research company's latest Pain & Gain report shows.
     
  2. 2FAST4U

    2FAST4U Well-Known Member

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    I can't read it because I'm not subscribed. Can you copy and paste the article?
     
  3. keithj

    keithj Moderator Staff Member

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    The original press release from CoreLogic states....

    Perhaps you could edit your thread title to more accurately reflect to content..... maybe something like.....

    Profit-making resales recorded a healthy $16.1billion, grossing owners $259,174 in profit.
    or
    95% of houses sold for a profit.
    or
    87% of apartments sold for a profit
     
    THX, HUGH72 and larrylarry like this.
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Not all vendors win - we hear a few of the stories here.

    We hear more of the 'I bought below market' ie we screwed the vendor/agent had no idea.

    It's the same story backed up by stats.
     
  5. THX

    THX Well-Known Member

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