CoreLogic Pain and Gain report | Melbourne

Over the June 2018 quarter, resales of Melbourne properties generated $4.299 billion worth of profits and $37.1 million in losses. Melbourne, Australia

These figures indicated that Melbourne generated 27.4% of total resale profits nationally over the quarter as well as producing 7.9% of total resales losses.

Over the quarter, there were no resales at a loss in a number of council regions: Frankston, Mitchell and Murrindindi.

The council regions with the highest proportion of resales at a loss were Melbourne, Stonnington and Moonee Valley.

With dwelling values continuing to fall throughout the city, the share of houses and units resold for a loss rose over the quarter.

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You may also want read:

CORELOGIC PAIN AND GAIN REPORT | NATIONAL OVERVIEW

CORELOGIC PAIN AND GAIN REPORT | HOUSES VS UNITS

CORELOGIC PAIN AND GAIN REPORT | SYDNEY

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About

Cameron Kusher is Corelogic RP Data’s senior research analyst. Cameron has a thorough understanding of the fundamentals such as demographics, trends & economics. Visit www.corelogic.com.au


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