The proportion of loss-making resales trended lower and was recorded at 9.6% over the March 2015 quarter, down from 10.3% the previous quarter and 10.9% a year earlier, the report found.
Not surprisingly the Brisbane City Council area has the highest proportion of profit making sales with only 5.5% of properties being resold at less than the original purchase price.
This puts Brisbane city ahead of the national average with 9.1% of all Australian home resales and 6.2% of the combined capital cities’ resales recording a gross loss.
Check out the top Brisbane real estate profit makers – and losers – for the March 2015 quarter.
Top #3 profit-making areas
- Brisbane – 94.5% of resales made a gross profit
- Redland – 88%
- Logan – 87.9%
Top #3 lost-making areas
- Lockyer Valley – 24.3% of all resales made a gross loss
- Somerset – 18.2%
- Ipswich – 17.2%
The Pain and Gain Report is a quarterly analysis of homes which were resold over the quarter. It compares the most recent sale price to the previous sale price to determine whether the property was sold at a gross profit or gross loss.
