The vast majority of property owners resell at a profit, although this has edged lower as the property market weakens.
In the Ryde local government area, 21.2 per cent of properties sold in the June quarter traded at a loss, the CoreLogic Pain and Gain report shows, followed by the LGAs of Strathfield and Parramatta . He tells buyers to negotiate on price as the market falls. Separate figures from CoreLogic on Monday show overall Sydney home values are down 9 per cent since peaking, while Melbourne has fallen 5.6 per cent, Brisbane is down 4.3 per cent and Perth has fallen 0.6 per cent.
Melbourne’s CBD has recorded loss-making resales for years after a wave of new investor-grade supply was completed and sold to international investors, but the picture can be different for older-style blocks. He looks for capital growth drivers: a strong underlying land component, scarcity value, and demand from a range of potential future buyers.
Source: Real Estate Daily Report (realestatedailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Centennial buys $35m warehouse to close out first fund with KKRSoftening cap rates mean value is just starting to emerge again in industrial properties after a hot period, the buyer of one western Sydney asset says.
Source: FinancialReview - 🏆 2. / 90 Read more »
Neighbourhoods where property owners are most likely to sell at a lossClose to one in five properties in a handful of suburbs are losing money for vendors as high-rise apartment towers built in recent years fall from favour.
Source: smh - 🏆 6. / 80 Read more »
Neighbourhoods where property owners are most likely to sell at a lossClose to one in five properties in apartment-heavy neighbourhoods like the Melbourne CBD and Stonnington are selling at a loss, new figures show. | By elizabethredman elizabethredman A loss for who. Are the developers making a loss or are they going for less that expected
Source: theage - 🏆 8. / 77 Read more »
‘We want no more hatred’: leftwing ex-president Lula on verge of comeback in BrazilPolls suggest Luiz Inácio Lula da Silva is close to majority of votes needed to stop election run-off against Jair Bolsonaro timdilke
Source: GuardianAus - 🏆 1. / 98 Read more »
By Jupiter! Now’s the best chance for 60 years to see giant planetTonight, as the sky darkens and the sun slips below the horizon in the west, a large star will rise in the east. It’s the gas giant Jupiter, as close as it has been to Earth in 59 years - a treat for astronomers and amateur stargazers alike.
Source: brisbanetimes - 🏆 13. / 67 Read more »
By Jupiter! Now’s the best chance for 60 years to see giant planetTonight, as the sky darkens and the sun slips below the horizon in the west, a large star will rise in the east. It’s the gas giant Jupiter, as close as it has been to Earth in 59 years - a treat for astronomers and amateur stargazers alike. liammannix So not a star then
Source: smh - 🏆 6. / 80 Read more »