Who’s winning and who’s losing when they resell their properties in Sydney | Pain and Gain Report

Throughout the second quarter of 2019, the total value of resales for a profit in Sydney was $4.404 billion and the total value of resales at a loss was $178.7 million.

Based on this data, Sydney accounted for 24.6% of all resales at a profit nationally over the quarter and 27.0% of the total value of resale losses.

C1

The council areas with the lowest share of resales at a loss over the quarter were Randwick, The Hills Shire and Hawkesbury while the greatest share of loss were recorded in Strathfield, Botany Bay and Strathfield.

With dwelling values in Sydney starting to rise over recent months we are likely to see the share of resales at a loss fall over the coming quarters.

Gross loss-making sales, Jun-19 qtr Gross profit-making sales, Jun-19 qtr
Region % of all sales Median hold period Median loss Total value of loss % of all sales Median hold period Median profit Total value of profit
Blacktown 8.3% 3.2 -$42,500 -$5,412,207 91.7% 9.6 $317,098 $211,836,394
Blue Mountains 6.4% 1.9 -$66,000 -$2,787,664 93.6% 9.1 $258,500 $66,680,512
Botany Bay 21.4% 3.5 -$61,500 -$1,826,895 78.6% 9.6 $327,000 $33,508,400
Burwood 16.3% 4.2 -$14,250 -$984,300 83.7% 11.2 $365,000 $19,544,189
Camden 11.7% 2.2 -$50,000 -$3,250,272 88.3% 5.7 $327,950 $90,263,148
Campbelltown 11.5% 2.8 -$61,500 -$3,346,388 88.5% 11.7 $243,500 $75,222,086
Canada Bay 8.7% 2.4 -$132,000 -$4,497,525 91.3% 8.8 $341,000 $110,092,829
Canterbury-Bankstown 16.1% 3.2 -$55,000 -$8,962,250 83.9% 11.3 $293,000 $165,417,987
Central Coast 10.1% 2.6 -$57,500 -$10,772,943 89.9% 8.9 $232,000 $262,720,316
Cumberland 13.5% 3.7 -$101,250 -$7,289,922 86.5% 9.6 $245,000 $87,491,583
Fairfield 20.1% 3.8 -$61,000 -$4,912,783 79.9% 10.2 $305,000 $63,652,388
Georges River 11.7% 3.2 -$119,500 -$3,543,000 88.3% 10.9 $286,000 $87,653,510
Hawkesbury 5.5% 2.9 -$48,778 -$1,037,278 94.5% 10.1 $319,000 $70,515,289
Hornsby 11.5% 3.8 -$58,000 -$6,685,280 88.5% 10.8 $455,000 $130,203,014
Hunters Hill 7.7% 1.3 -$45,000 -$45,000 92.3% 8.6 $565,000 $9,640,000
Inner West 11.0% 3.2 -$140,000 -$15,110,850 89.0% 9.5 $419,500 $232,562,082
Ku-ring-gai 8.6% 2.4 -$170,000 -$7,271,500 91.4% 8.7 $690,000 $203,863,181
Lane Cove 12.1% 2.0 -$150,000 -$2,411,000 87.9% 6.3 $205,500 $41,316,630
Liverpool 12.5% 3.6 -$46,000 -$3,227,300 87.5% 9.6 $295,000 $102,522,633
Mosman 6.3% 2.4 -$457,500 -$2,270,000 93.8% 9.9 $642,500 $47,317,600
North Sydney 11.4% 3.0 -$61,500 -$2,947,800 88.6% 10.0 $380,250 $123,015,391
Northern Beaches 7.7% 2.6 -$125,000 -$12,966,800 92.3% 9.0 $480,000 $446,891,885
Parramatta 15.9% 3.8 -$69,000 -$8,770,600 84.1% 9.4 $239,500 $142,856,906
Penrith 10.2% 3.5 -$45,000 -$3,401,415 89.8% 9.9 $278,250 $150,440,816
Randwick 6.1% 2.4 -$61,500 -$1,356,500 93.9% 9.9 $497,250 $160,394,199
Rockdale 10.2% 2.8 -$88,500 -$4,294,150 89.8% 9.4 $257,500 $58,276,015
Ryde 16.8% 3.5 -$81,000 -$6,620,188 83.2% 9.0 $310,000 $115,526,946
Strathfield 22.8% 3.7 -$76,000 -$4,561,000 77.2% 7.6 $176,000 $23,768,500
Sutherland Shire 12.4% 3.4 -$87,049 -$13,920,698 87.6% 9.8 $328,500 $220,489,551
Sydney 12.3% 2.8 -$104,900 -$12,847,059 87.7% 8.9 $304,000 $231,364,915
The Hills Shire 5.9% 2.6 -$130,000 -$3,838,667 94.1% 9.0 $508,000 $207,078,714
Waverley 6.7% 2.5 -$121,750 -$2,233,500 93.3% 9.6 $576,000 $131,780,876
Willoughby 6.3% 2.2 -$147,500 -$2,765,500 93.7% 9.9 $585,000 $142,908,225
Wollondilly 6.9% 2.1 -$100,000 -$1,218,730 93.1% 7.7 $280,000 $34,929,600
Woollahra 6.2% 2.6 -$100,000 -$1,295,000 93.8% 9.9 $677,500 $101,179,138

icon-podcast-large

Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


'Who’s winning and who’s losing when they resell their properties in Sydney | Pain and Gain Report' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts