Throughout the final quarter of 2017, the total value of resales for a profit in Sydney was $5.898 billion and the total value of resales at a loss was $49.9 million.
Based on this data, Sydney accounted for 33.1% of all resales at a profit nationally over the quarter and 11.3% of the total value of losses.
Burwood, Hunters Hill and Strathfield each recorded no resales at a loss over the quarter while Fairfield, Liverpool and Wollondilly had the highest proportion of resales at a loss throughout the city.
Sydney’s strong growth trend over the past cycle has kept loss making sales to a minimum, however, with dwelling values now drifting lower we may start to see a reduction in the overall proportion of sales selling at a gross profit.
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