Property unit sellers in Sydney and Melbourne are 7 times more likely to cop a loss - Printable Version
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Property unit sellers in Sydney and Melbourne are 7 times more likely to cop a loss - theold - 31-01-2024
Property sellers in Sydney and Melbourne are seven times more likely to cop a loss if they sell a unit instead of a house.
But sellers in regional areas of NSW and Victoria have a more even chance of making a profit regardless of whether they list a detached house or a unit.
CoreLogic head of Australian research Eliza Owen said the supply of new units was part of the reason for the high concentration of loss-making unit sales in parts of inner Melbourne, inner Sydney and Parramatta.
State and federal governments will push to increase the supply of new homes to address a crisis in housing affordability, that has pushed up both rents and property prices.
https://www.theage.com.au/property/news/where-property-owners-are-seven-times-more-likely-to-sell-at-a-loss-20240129-p5f0ta.html