CoreLogic Pain and Gain Report | Sydney overview

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. Sydney1 300x185

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.

A1

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.

A2

You may also be interested in reading:

CORELOGIC PAIN AND GAIN REPORT | HOUSES VS UNITS

Metropole Property Home Buyers Enquiry
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.


Avatar for Property Update

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


'CoreLogic Pain and Gain Report | Sydney overview' 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Your email address will not be published.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

*


facebook
twitter
google
0
linkedin
0
email
Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!