Over the December 2017 quarter, resales of Melbourne properties generated $5.246 billion worth of profits and $29.2 million in losses.
These figures indicated that Melbourne generated 29.4% of total resale profits nationally over the quarter as well as producing 6.6% of total resales losses.
Over the quarter, there were no resales at a loss in a number of council regions: Cardinia, Macedon Ranges, Mitchell, Moorabool and Murrundindi.
The council regions with the highest proportion of resales at a loss were Melbourne, Stonnington and Yarra.
With the unit sector across Melbourne recently showing a higher capital gain profile compared with houses, we may start to see a narrowing of the gap between houses and units reselling at a loss.
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