Melbourne CBD vendors lose $7 million in resales: CoreLogic RP Data Pain & Gain

Melbourne CBD vendors lose $7 million in resales: CoreLogic RP Data Pain & Gain
Jonathan ChancellorDecember 7, 2020

Some 5.7% of sales across Melbourne over the June 2015 quarter were at a price lower than the previous purchase price.

This was down from 6.6% a year earlier and 6.4% at the end of the previous quarter, according to the recent CoreLogic RP Data Pain & Gain report.

The Macedon Ranges, Mitchell and Murrindindi council areas were the only regions across the city to record no resales at a loss over the quarter.

The regions with the highest proportion of loss-making resales were Melbourne (20.0%), Stonnington (12.0%) and Moonee Valley (10.3%). 

Melbourne CBD vendors lost $7 million in their sales that went backwards.

 

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Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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