Nearly 40 per cent of Melbourne resales make a loss in June quarter: CoreLogic Pain and Gain

The Melbourne council region saw nearly 40 per cent of resales make a loss in the June quarter, according to the recent CoreLogic pain and gain report.

Melbourne saw a median loss of $50,000 for the gross loss-making sales which made up 37.5 per cent of the sales in the region.

This is up from around 34 per cent in the March quarter, the report noted.

Investor owned units made up around 80 per cent of loss-making sales, due to the general of investor demand in the uncertain economic environment.

With diminished rental income, due to declines in rental income, investors may also find it more difficult to service a mortgage, the report noted.

During the quarter, 15.4 per cent all unit resales made a loss.

This is a strong divergence from houses, which only saw 2.9 per cent of house resales making a loss.