Lockyer Valley, Somerset, Ipswich resale losses still rampant: CoreLogic RP Data pain gain report

Lockyer Valley, Somerset, Ipswich resale losses still rampant: CoreLogic RP Data pain gain report
Michael CrawfordJune 25, 2015

The level of loss-making resales has fallen across Brisbane during the March 2105 quarter and are now at their lowest level since April 2011.

According to the CoreLogic RP Data pain gain report, Brisbane's losing resales totalled 9.6%, down from 10.3% the previous quarter and down from 10.9% when compared to the same period last year.

Resale losses were felt hardest in the Lockyer Valley (24.3%), Somerset (18.2%) and Ipswich (17.2%). 

Click to enlarge

 

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Editor's Picks

Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner
James Place to bring new life to Fortitude Valley’s James Street precinct
Tian An quickly sells 25% of apartments in North Village, Auburn, following successful launch