Of all Brisbane properties sold in the March 2017 quarter, just 9.2 per cent achieved less than their previous purchase price. This is better than the national average of 9.6 per cent.
But scratch beneath the surface and you can see the effect of the inner city unit market oversupply. Within Brisbane only 3.8 per cent of houses resold at a loss, whereas 24.5 per cent of units sold for losses.
The time held also made a difference to the bottom line. In Brisbane, home owners who turned a profit had typically owned their house for 9.2 years compared to a median 7.1 years for home owners who sold at a loss.
Unit owners who sold for a profit did so after 9.4 years compared to a median of 6.7 years for loss-makers.
Across the South East corner, property fortunes were mixed. Toowoomba vendors had the most reason to smile with only 6.8 per cent of properties making a loss. At the other end of the spectrum almost one in four properties in the Lockyer Valley were sold at a loss.
Check out where you can turn a profit in South East Queensland.
Percentage of loss-making sales in the March 2017 quarter:
- Toowoomba 6.8 per cent
- Redland 7.6 per cent
- Sunshine Coast 8.0 per cent
- Moreton Bay 8.7 per cent
- Logan 9.1 per cent
- Brisbane 9.2 per cent
- Gold Coast 9.9 per cent
- Ipswich 10.5 per cent
- Scenic Rim 10.3 per cent
- Somerset 11.9 per cent
- Lockyer Valley 23.9 per cent
Read more in the latest CoreLogic RPData Pain and Gain Report.
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