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.

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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 qtrGross profit-making sales, Jun-19 qtr
Region% of all salesMedian hold periodMedian lossTotal value of loss% of all salesMedian hold periodMedian profitTotal value of profit
Blacktown8.3%3.2-$42,500-$5,412,20791.7%9.6$317,098$211,836,394
Blue Mountains6.4%1.9-$66,000-$2,787,66493.6%9.1$258,500$66,680,512
Botany Bay21.4%3.5-$61,500-$1,826,89578.6%9.6$327,000$33,508,400
Burwood16.3%4.2-$14,250-$984,30083.7%11.2$365,000$19,544,189
Camden11.7%2.2-$50,000-$3,250,27288.3%5.7$327,950$90,263,148
Campbelltown11.5%2.8-$61,500-$3,346,38888.5%11.7$243,500$75,222,086
Canada Bay8.7%2.4-$132,000-$4,497,52591.3%8.8$341,000$110,092,829
Canterbury-Bankstown16.1%3.2-$55,000-$8,962,25083.9%11.3$293,000$165,417,987
Central Coast10.1%2.6-$57,500-$10,772,94389.9%8.9$232,000$262,720,316
Cumberland13.5%3.7-$101,250-$7,289,92286.5%9.6$245,000$87,491,583
Fairfield20.1%3.8-$61,000-$4,912,78379.9%10.2$305,000$63,652,388
Georges River11.7%3.2-$119,500-$3,543,00088.3%10.9$286,000$87,653,510
Hawkesbury5.5%2.9-$48,778-$1,037,27894.5%10.1$319,000$70,515,289
Hornsby11.5%3.8-$58,000-$6,685,28088.5%10.8$455,000$130,203,014
Hunters Hill7.7%1.3-$45,000-$45,00092.3%8.6$565,000$9,640,000
Inner West11.0%3.2-$140,000-$15,110,85089.0%9.5$419,500$232,562,082
Ku-ring-gai8.6%2.4-$170,000-$7,271,50091.4%8.7$690,000$203,863,181
Lane Cove12.1%2.0-$150,000-$2,411,00087.9%6.3$205,500$41,316,630
Liverpool12.5%3.6-$46,000-$3,227,30087.5%9.6$295,000$102,522,633
Mosman6.3%2.4-$457,500-$2,270,00093.8%9.9$642,500$47,317,600
North Sydney11.4%3.0-$61,500-$2,947,80088.6%10.0$380,250$123,015,391
Northern Beaches7.7%2.6-$125,000-$12,966,80092.3%9.0$480,000$446,891,885
Parramatta15.9%3.8-$69,000-$8,770,60084.1%9.4$239,500$142,856,906
Penrith10.2%3.5-$45,000-$3,401,41589.8%9.9$278,250$150,440,816
Randwick6.1%2.4-$61,500-$1,356,50093.9%9.9$497,250$160,394,199
Rockdale10.2%2.8-$88,500-$4,294,15089.8%9.4$257,500$58,276,015
Ryde16.8%3.5-$81,000-$6,620,18883.2%9.0$310,000$115,526,946
Strathfield22.8%3.7-$76,000-$4,561,00077.2%7.6$176,000$23,768,500
Sutherland Shire12.4%3.4-$87,049-$13,920,69887.6%9.8$328,500$220,489,551
Sydney12.3%2.8-$104,900-$12,847,05987.7%8.9$304,000$231,364,915
The Hills Shire5.9%2.6-$130,000-$3,838,66794.1%9.0$508,000$207,078,714
Waverley6.7%2.5-$121,750-$2,233,50093.3%9.6$576,000$131,780,876
Willoughby6.3%2.2-$147,500-$2,765,50093.7%9.9$585,000$142,908,225
Wollondilly6.9%2.1-$100,000-$1,218,73093.1%7.7$280,000$34,929,600
Woollahra6.2%2.6-$100,000-$1,295,00093.8%9.9$677,500$101,179,138

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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


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