The document provides a quarterly market update for regional Australian markets in June 2016. It summarizes housing market performance for 11 different regions, finding that Illawarra recorded the largest annual increase in house and unit values. Transaction activity declined across most regions analyzed with the exception of Richmond-Tweed. Rental rates increased in some regions but yields declined, and home values increased in most major lifestyle markets but were flat or declining elsewhere.
Over the March 2016 quarter, 9.2% of all homes resold recorded a gross loss when compared to their previous purchase price.
• Around 1/3 (31.9%) of homes resold for more than double their previous purchase price.
The total value of homes resold at a profit was recorded at $12.9b with the average gross profit recorded at $239,855.
The CoreLogic Pain & Gain report uncovers the profits earned and the losses made from property sales over the June 2016 quarter, and reveals which locations have been the most valuable for investment. Approximately 1 in 10 properties across Australia sells for an average loss of $73,009.
• Based on the June quarter findings 5.9% of capital city houses resold at a loss
9.5% of capital city units resold for less than the previous purchase price
Regional areas experienced the highest proportion of pain with 12.2% of houses & 19.9% of units making a loss at resale.
This report summarizes the 2018 San Francisco County housing market. Some key points:
- Home prices increased 8% overall with single-family prices up 12.9% and condo prices up 4.6%.
- Pending home sales were up 0.7% while closed sales increased 0.8%. However, active listings decreased 15.2%.
- The median sales price was $1,350,000, up from $1,250,000 in 2017. The average sales price was $1,599,006, up 6.1% from 2017.
- Sellers received 110.5% of their original list price, an improvement of 1% from 2017.
San Francisco Real Estate Housing Market 2016 SummaryRonny Budiutama
This annual report summarizes the San Francisco County housing market in 2016. Key points include:
- Home prices rose 3.9% to a median of $1,195,000, with single family homes up 6% and condos down 0.9%.
- Pending sales decreased 4.4% and closed sales decreased 3.9% from 2015 levels due to low inventory.
- Inventory levels remained low, with only 462 active listings at the end of the year, a 17.8% decrease from 2015.
latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report
October 2017 REBGV Stats Mike Stewart Vancouver RealtorMike Stewart
October home sales in Metro Vancouver exceeded the historical average, with sales up 35.3% from October 2016. Sales were concentrated in townhouses and apartments, which continue to have limited supply and upward pressure on prices. The benchmark home price for all residential properties in Metro Vancouver rose 12.4% from October 2016 to $1,042,300, with townhouse and apartment prices increasing 17.7% and 22.7%, respectively, over the same period. Detached home sales and prices grew at a slower pace due to more inventory in that segment.
The document summarizes real estate market data for the Greater Boston area in November 2020. It reports that sales of single-family homes and condominiums increased year-over-year, with median home prices reaching new record highs. Specifically, single-family home sales were up 15.6% and the median price increased 16.9%. Condo sales rose 5.1% and the median price grew 2.5%. Inventory declined for both housing types. The multi-family market also saw a sales increase and higher median price compared to November 2019.
The document provides a quarterly market update for regional Australian markets in June 2016. It summarizes housing market performance for 11 different regions, finding that Illawarra recorded the largest annual increase in house and unit values. Transaction activity declined across most regions analyzed with the exception of Richmond-Tweed. Rental rates increased in some regions but yields declined, and home values increased in most major lifestyle markets but were flat or declining elsewhere.
Over the March 2016 quarter, 9.2% of all homes resold recorded a gross loss when compared to their previous purchase price.
• Around 1/3 (31.9%) of homes resold for more than double their previous purchase price.
The total value of homes resold at a profit was recorded at $12.9b with the average gross profit recorded at $239,855.
The CoreLogic Pain & Gain report uncovers the profits earned and the losses made from property sales over the June 2016 quarter, and reveals which locations have been the most valuable for investment. Approximately 1 in 10 properties across Australia sells for an average loss of $73,009.
• Based on the June quarter findings 5.9% of capital city houses resold at a loss
9.5% of capital city units resold for less than the previous purchase price
Regional areas experienced the highest proportion of pain with 12.2% of houses & 19.9% of units making a loss at resale.
This report summarizes the 2018 San Francisco County housing market. Some key points:
- Home prices increased 8% overall with single-family prices up 12.9% and condo prices up 4.6%.
- Pending home sales were up 0.7% while closed sales increased 0.8%. However, active listings decreased 15.2%.
- The median sales price was $1,350,000, up from $1,250,000 in 2017. The average sales price was $1,599,006, up 6.1% from 2017.
- Sellers received 110.5% of their original list price, an improvement of 1% from 2017.
San Francisco Real Estate Housing Market 2016 SummaryRonny Budiutama
This annual report summarizes the San Francisco County housing market in 2016. Key points include:
- Home prices rose 3.9% to a median of $1,195,000, with single family homes up 6% and condos down 0.9%.
- Pending sales decreased 4.4% and closed sales decreased 3.9% from 2015 levels due to low inventory.
- Inventory levels remained low, with only 462 active listings at the end of the year, a 17.8% decrease from 2015.
latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report
October 2017 REBGV Stats Mike Stewart Vancouver RealtorMike Stewart
October home sales in Metro Vancouver exceeded the historical average, with sales up 35.3% from October 2016. Sales were concentrated in townhouses and apartments, which continue to have limited supply and upward pressure on prices. The benchmark home price for all residential properties in Metro Vancouver rose 12.4% from October 2016 to $1,042,300, with townhouse and apartment prices increasing 17.7% and 22.7%, respectively, over the same period. Detached home sales and prices grew at a slower pace due to more inventory in that segment.
The document summarizes real estate market data for the Greater Boston area in November 2020. It reports that sales of single-family homes and condominiums increased year-over-year, with median home prices reaching new record highs. Specifically, single-family home sales were up 15.6% and the median price increased 16.9%. Condo sales rose 5.1% and the median price grew 2.5%. Inventory declined for both housing types. The multi-family market also saw a sales increase and higher median price compared to November 2019.
February 2017 REBGV Statistics Package Mike Stewart RealtorMike Stewart
- Home sales in Metro Vancouver decreased 41.9% in February 2017 compared to February 2016 due to limited supply and snowy weather. New property listings also decreased significantly.
- The total number of properties currently listed is up slightly from last year but supply is still struggling to meet demand, preventing significant downward pressure on home prices.
- The benchmark price for all residential properties in Metro Vancouver is $906,700, a slight increase from January but a 2.8% decrease over the past six months. Prices vary by property type with detached homes seeing the largest decreases.
Confidence spreads throughout regional Queensland - check out all the latest trends and data for all the property markets across Queensland.
Brought to you by the REIQ and National Property Buyers.
http://www.nationalpropertybuyers.com.au
Annie Williams Real Estate Report - July 2020Jon Weaver
Sales of single-family, re-sale homes jumped in June, rising 56.7% from May. They were down 14.2% year-over-year. There were 163 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 29.8%. Condo sales are down 36.9%.
March 2017 Rebgv Stats Package Mike StewartMike Stewart
- Housing demand in Metro Vancouver continues to outpace supply, particularly for condos and townhomes. Sales decreased from the record levels of March 2016 but increased compared to the previous month.
- New property listings were down 24.1% from March 2016, exacerbating an ongoing supply shortage. With fewer listings, competition between buyers remains intense.
- Benchmark home prices increased slightly compared to the previous month but were down over the past six months. Prices are expected to continue rising until more supply comes onto the market.
Despite positive job reports, low interest rates, strong consumer confidence ratings and even stronger buyer demand, sales of single family and condominium homes are being held back by a significant shortage of available supply.
Home Sellers: If you have a move in your future, give very serious consideration to doing it now! Buyers are ready, willing and able. Now is a most favorable time for you to be in the market.
December 2016 rebgv statistics package mike stewart vancouver realtorMike Stewart
The Metro Vancouver housing market had its third highest year for sales in 2016, though sales decreased 5.6% from 2015. While prices rose in the first half of the year, they began to modestly decline in the second half as supply increased. The benchmark home price for all residential properties in Metro Vancouver ended 2016 at $897,600, a 17.8% increase over the previous year but a 2.2% decrease over the last six months. Sales activity and new listings declined in December compared to the previous year.
“The only cities to see an increase in weekly rental rates were Sydney with an increase of 1.9%, Melbourne (2.2%), Hobart (0.6%) and Canberra (1.9%) while rates fell in Brisbane by (-0.3%), Adelaide (-0.2%), Perth (-8.0%) and Darwin (-13.3%),” Mr Kusher said.
Market Snapshot:
Combined capital city rental rates are $486/week for houses and $464/week for units
Dwelling rental rates across the combined capital cities are recorded at $483 per week and they have increased by just 0.3% over the past 12 months which is a record low rate of annual growth (result based on records back to December 1996).
April 2017 Real Estate Board of Greater Vancouver Statistics Package with ChartsMike Stewart
Demand for condominiums and townhomes continues to drive the Metro Vancouver housing market. Sales of these properties have comprised a larger percentage of residential sales in 2017 compared to the same period in 2016. While the overall housing market is slower than 2016, the condo and townhome markets show increased demand, lower supply, and rising prices. Analysts expect prices to continue increasing until more entry-level homes become available.
- Home sales in the Metro Vancouver housing market increased 22.8% from April 2017 to May 2017, though decreased 8.5% from the record high of May 2016.
- Demand is driving sales of condominiums and townhomes as first-time buyers and people looking to downsize compete for these properties.
- While sales are approaching 2016 levels, the market differs this year with townhomes and condominiums leading sales rather than single-family homes.
Welcome to the latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report! WITH COMPLIMENTS FROM LJ GILLAND REALESTATE
Weichert, Princeton January Market Recap & ForecastWeichert Realtors
Want your Phd in Princeton area real estate? Have a look at some of the most detailed data on the Mercer, Middlesex and Somerset County real estate markets. Whether you are buying or selling this will give you insight into both.
- The demand for condominiums in Metro Vancouver continues to outpace supply, creating competition among home buyers and upward pressure on condo prices.
- While condo listings are near an all-time low, detached home listings have increased this year, leading to more choice in that market.
- The sales-to-active listings ratio is 93.2% for condos, indicating strong seller's market conditions, compared to 24.5% for detached homes.
August 2017 REBGV Stats Mike Stewart RealtorMike Stewart
Competition for condominiums and townhomes drove home sales in Metro Vancouver above typical levels in August. Sales totaled 3,043, a 22.3% increase from August 2016 and a 2.8% rise from July 2017. Demand has surged this summer for homes priced between $350,000-$750,000, led by first-time buyers in condo and townhome markets. The benchmark price for all residential properties is $1,029,700, up 9.4% from August 2016. Condo sales saw the biggest increase at 20.1% while detached home prices rose just 2.2% due to balanced market conditions.
January 2017 Rebgv Statistics Package Mike Stewart Vancouver RealtorMike Stewart
The housing market in Metro Vancouver started slower in 2017 than in 2016, with home sales and listings below long-term averages. Residential property sales in January 2017 were 39.5% lower than in January 2016 and 11.1% lower than December 2016. New property listings also decreased compared to the previous year. The benchmark home price for detached properties declined 6.6% over the past six months, while prices for townhomes and condominiums remained steady. Overall real estate activity was described as a "lukewarm start" compared to record-breaking sales in early 2016.
Autumn Buyers Guide
Do your property buying research without having to spend your whole weekend searching the web. This reference guide for home buyers and investors from ING Direct will quickly bring you up to speed on house and unit prices and suburb affordability across Australia.
Capital city dwelling values increase by 1.0% in September
The latest CoreLogic Hedonic Home Value Index reveals further gains across most capital city housing markets last month, taking the current growth phase into its 52nd month.
The document summarizes housing market conditions across various regions in Queensland, Australia for the September 2015 quarter. Some key points:
- The Brisbane housing market continued steady growth, with the median house price reaching a new high of $615,000 and sales activity up 5%.
- Housing markets in the tourism centers showed improvement, with the Gold Coast recording the highest quarterly increase in median house price. Cairns also saw increases.
- Regional centers like Mackay and Rockhampton remained weak, though Gladstone and Toowoomba showed some signs of stabilization or recovery.
- Unit markets generally followed house market trends, with some variation in specific locations.
This document provides a quarterly summary of housing market performance across Australia for the June 2018 quarter. Some key points:
- 89.8% of residential properties resold over the quarter transacted at a price higher than the previous purchase price, the lowest level since 2013.
- Capital city markets saw a higher proportion of profitable resales (90.6%) than regional markets (88.4%), though the gap narrowed over the quarter.
- Houses performed stronger than units, with 91.5% of houses and 85.2% of units resold at a profit nationally.
- Perth and Darwin saw the highest shares of resales at a loss (30.6% and 47.
Your one-stop-shop for housing data for the Southwest California market. Sales, median and average price, distressed property, absorption and INVENTORY! By city.
The strongest capital city sub-regions were confined to Hobart,
Canberra, Brisbane and Adelaide where housing prices are generally
more affordable relative to household incomes (although housing
affordability has rapidly deteriorated across Hobart). Outside of Hobart,
where dwelling values were 8.7% higher over the year, even the best
performing regions returned a relatively mild annual growth rate. Seven
of the top ten sub-regions returned an annual gain of less than 3%. Mr
Lawless said, “Such a soft result amongst the best performing areas
highlights that housing market weakness is broad-based and not just
confined to Sydney and Melbourne.”
February 2017 REBGV Statistics Package Mike Stewart RealtorMike Stewart
- Home sales in Metro Vancouver decreased 41.9% in February 2017 compared to February 2016 due to limited supply and snowy weather. New property listings also decreased significantly.
- The total number of properties currently listed is up slightly from last year but supply is still struggling to meet demand, preventing significant downward pressure on home prices.
- The benchmark price for all residential properties in Metro Vancouver is $906,700, a slight increase from January but a 2.8% decrease over the past six months. Prices vary by property type with detached homes seeing the largest decreases.
Confidence spreads throughout regional Queensland - check out all the latest trends and data for all the property markets across Queensland.
Brought to you by the REIQ and National Property Buyers.
http://www.nationalpropertybuyers.com.au
Annie Williams Real Estate Report - July 2020Jon Weaver
Sales of single-family, re-sale homes jumped in June, rising 56.7% from May. They were down 14.2% year-over-year. There were 163 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 29.8%. Condo sales are down 36.9%.
March 2017 Rebgv Stats Package Mike StewartMike Stewart
- Housing demand in Metro Vancouver continues to outpace supply, particularly for condos and townhomes. Sales decreased from the record levels of March 2016 but increased compared to the previous month.
- New property listings were down 24.1% from March 2016, exacerbating an ongoing supply shortage. With fewer listings, competition between buyers remains intense.
- Benchmark home prices increased slightly compared to the previous month but were down over the past six months. Prices are expected to continue rising until more supply comes onto the market.
Despite positive job reports, low interest rates, strong consumer confidence ratings and even stronger buyer demand, sales of single family and condominium homes are being held back by a significant shortage of available supply.
Home Sellers: If you have a move in your future, give very serious consideration to doing it now! Buyers are ready, willing and able. Now is a most favorable time for you to be in the market.
December 2016 rebgv statistics package mike stewart vancouver realtorMike Stewart
The Metro Vancouver housing market had its third highest year for sales in 2016, though sales decreased 5.6% from 2015. While prices rose in the first half of the year, they began to modestly decline in the second half as supply increased. The benchmark home price for all residential properties in Metro Vancouver ended 2016 at $897,600, a 17.8% increase over the previous year but a 2.2% decrease over the last six months. Sales activity and new listings declined in December compared to the previous year.
“The only cities to see an increase in weekly rental rates were Sydney with an increase of 1.9%, Melbourne (2.2%), Hobart (0.6%) and Canberra (1.9%) while rates fell in Brisbane by (-0.3%), Adelaide (-0.2%), Perth (-8.0%) and Darwin (-13.3%),” Mr Kusher said.
Market Snapshot:
Combined capital city rental rates are $486/week for houses and $464/week for units
Dwelling rental rates across the combined capital cities are recorded at $483 per week and they have increased by just 0.3% over the past 12 months which is a record low rate of annual growth (result based on records back to December 1996).
April 2017 Real Estate Board of Greater Vancouver Statistics Package with ChartsMike Stewart
Demand for condominiums and townhomes continues to drive the Metro Vancouver housing market. Sales of these properties have comprised a larger percentage of residential sales in 2017 compared to the same period in 2016. While the overall housing market is slower than 2016, the condo and townhome markets show increased demand, lower supply, and rising prices. Analysts expect prices to continue increasing until more entry-level homes become available.
- Home sales in the Metro Vancouver housing market increased 22.8% from April 2017 to May 2017, though decreased 8.5% from the record high of May 2016.
- Demand is driving sales of condominiums and townhomes as first-time buyers and people looking to downsize compete for these properties.
- While sales are approaching 2016 levels, the market differs this year with townhomes and condominiums leading sales rather than single-family homes.
Welcome to the latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report! WITH COMPLIMENTS FROM LJ GILLAND REALESTATE
Weichert, Princeton January Market Recap & ForecastWeichert Realtors
Want your Phd in Princeton area real estate? Have a look at some of the most detailed data on the Mercer, Middlesex and Somerset County real estate markets. Whether you are buying or selling this will give you insight into both.
- The demand for condominiums in Metro Vancouver continues to outpace supply, creating competition among home buyers and upward pressure on condo prices.
- While condo listings are near an all-time low, detached home listings have increased this year, leading to more choice in that market.
- The sales-to-active listings ratio is 93.2% for condos, indicating strong seller's market conditions, compared to 24.5% for detached homes.
August 2017 REBGV Stats Mike Stewart RealtorMike Stewart
Competition for condominiums and townhomes drove home sales in Metro Vancouver above typical levels in August. Sales totaled 3,043, a 22.3% increase from August 2016 and a 2.8% rise from July 2017. Demand has surged this summer for homes priced between $350,000-$750,000, led by first-time buyers in condo and townhome markets. The benchmark price for all residential properties is $1,029,700, up 9.4% from August 2016. Condo sales saw the biggest increase at 20.1% while detached home prices rose just 2.2% due to balanced market conditions.
January 2017 Rebgv Statistics Package Mike Stewart Vancouver RealtorMike Stewart
The housing market in Metro Vancouver started slower in 2017 than in 2016, with home sales and listings below long-term averages. Residential property sales in January 2017 were 39.5% lower than in January 2016 and 11.1% lower than December 2016. New property listings also decreased compared to the previous year. The benchmark home price for detached properties declined 6.6% over the past six months, while prices for townhomes and condominiums remained steady. Overall real estate activity was described as a "lukewarm start" compared to record-breaking sales in early 2016.
Autumn Buyers Guide
Do your property buying research without having to spend your whole weekend searching the web. This reference guide for home buyers and investors from ING Direct will quickly bring you up to speed on house and unit prices and suburb affordability across Australia.
Capital city dwelling values increase by 1.0% in September
The latest CoreLogic Hedonic Home Value Index reveals further gains across most capital city housing markets last month, taking the current growth phase into its 52nd month.
The document summarizes housing market conditions across various regions in Queensland, Australia for the September 2015 quarter. Some key points:
- The Brisbane housing market continued steady growth, with the median house price reaching a new high of $615,000 and sales activity up 5%.
- Housing markets in the tourism centers showed improvement, with the Gold Coast recording the highest quarterly increase in median house price. Cairns also saw increases.
- Regional centers like Mackay and Rockhampton remained weak, though Gladstone and Toowoomba showed some signs of stabilization or recovery.
- Unit markets generally followed house market trends, with some variation in specific locations.
This document provides a quarterly summary of housing market performance across Australia for the June 2018 quarter. Some key points:
- 89.8% of residential properties resold over the quarter transacted at a price higher than the previous purchase price, the lowest level since 2013.
- Capital city markets saw a higher proportion of profitable resales (90.6%) than regional markets (88.4%), though the gap narrowed over the quarter.
- Houses performed stronger than units, with 91.5% of houses and 85.2% of units resold at a profit nationally.
- Perth and Darwin saw the highest shares of resales at a loss (30.6% and 47.
Your one-stop-shop for housing data for the Southwest California market. Sales, median and average price, distressed property, absorption and INVENTORY! By city.
The strongest capital city sub-regions were confined to Hobart,
Canberra, Brisbane and Adelaide where housing prices are generally
more affordable relative to household incomes (although housing
affordability has rapidly deteriorated across Hobart). Outside of Hobart,
where dwelling values were 8.7% higher over the year, even the best
performing regions returned a relatively mild annual growth rate. Seven
of the top ten sub-regions returned an annual gain of less than 3%. Mr
Lawless said, “Such a soft result amongst the best performing areas
highlights that housing market weakness is broad-based and not just
confined to Sydney and Melbourne.”
State-wide residential property sales in Queensland reached a five-year high in 2014. Southeast Queensland, Toowoomba, and Cairns performed strongly, while most regional centers lagged behind due to factors like the downturn in mining and drought. House prices increased across southeast Queensland in 2014 compared to the previous year. The improving conditions in southeast Queensland are expected to boost the state's real estate market in the coming year.
Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index. This result represents the fastest rate of national dwelling value growth over any three month period since November 2009. Darwin was the only region amongst the capital cities and ‘rest-of-state’ areas to record a fall in values over the month, with a -0.5% decline
The document provides a summary of housing market conditions across Queensland in the March quarter of 2016. It finds that house prices declined in many regional areas such as Cairns, Townsville, and Rockhampton in the March quarter, while Brisbane experienced a smaller decline. Looking at annual figures, house prices have risen in Brisbane, the Gold Coast, Toowoomba, Sunshine Coast, Fraser Coast and Cairns over the past 12 months. The rental market is declining most sharply in regional areas like Gladstone, Mackay and Townsville that are experiencing weaker economic conditions.
The Marblehead housing market in 2018 saw the median single family home price increase 3.7% to a new high of $689,500, though sales dropped 9.4% to 212 units due to low supply. Condo prices rose 1.6% to a median of $370,000 with 53 sales similar to previous years. Single family home prices were highest in Q1 at $730,000 and lowest in Q4 at $655,000, with the second half of the year seeing lower prices than the first half. Mortgage rates fell back to 4.5% by the end of the year after rising to almost 5% in November.
The document summarizes house price trends in Cape Town sub-regions from Q2 2019. It finds that:
1) Prices in affluent areas fell deeper into deflation, and this pressure is now spilling over to middle-priced areas, while lower-priced areas remain resilient with double-digit growth.
2) The overall city growth slowed to 0.5% year-over-year, the slowest since 2009, due to intensifying pressure in affluent areas now impacting middle areas.
3) While the market remains lackluster, some indicators show signs of resilience as buyers take advantage of better prices, with first-time buyer activity rebounding.
- Home sales in the Greater Toronto Area reached a record high of 113,133 in 2016, an 11.8% increase over 2015. The average selling price also increased significantly, rising 17.3% to $729,922.
- Housing demand remained strong due to a healthy regional economy and population growth, however the supply of homes listed for sale declined, exacerbating price increases. Listings were at their lowest point in over 15 years.
- While foreign buyers make up a small share of the market (estimated at 4.9% of transactions), affordability continues to be a concern, especially if the city increases land transfer taxes as proposed in the budget.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Greater Boston Real Estate Market Data, September 2012Unit Realty Group
This document provides a monthly real estate market report for the Greater Boston area. It summarizes key housing metrics for September 2012, including year-over-year changes. Overall, most indicators showed improvement compared to September 2011, with increases in closed sales, pending sales, and decreases in inventory and months of supply. However, median home prices decreased slightly for single-family homes while rising slightly for condominiums. The report also notes potential threats to the housing market from economic factors like job growth and gas prices that could impact consumer confidence.
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of "green shoots" of meaningful price appreciation, reflecting the impact from the sustained increases in buyer demand that we've seen over the past few years.
The document summarizes the real estate market trends in Marblehead, Massachusetts for 2018. Key points:
- The median price of single family homes increased 3.7% to a new high of $689,500, while sales dropped 9.4% to 212 units due to low supply.
- The median condo price rose 1.6% to $370,000, with 53 units sold being consistent with the past 4 years.
- Single family home prices were lower in the second half of the year than the first half, which has rarely happened before.
- Mortgage rates fell back to 4.5% by the end of the year after rising to almost 5% in November.
Presentation by the Prince George's County Association of Realtors at the Annual Press Conference - held at the National Press Club in Washington DC on December 15, 2009.
HTW June report with Federal elections, finance challenges, infrastructure, industry and employment – all playing their part in this month’s submissions.
TORONTO REGIONAL REAL ESTATE BOARD's - MARKET WATCH - FOR DECEMBER 2019 & YEA...Shawn Venasse
Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. On an annual basis, 2019 sales were in line with the median annual sales result for the past decade.
New york city investment hon sing (kevin) tsun citi habitatsHon Sing Tsun
The document discusses the Manhattan residential real estate market and an opportunity within. It summarizes as:
1) A rare opportunity exists to purchase a property developed by renowned architects Robert Stern and Zeckendorf Development, whose previous joint projects significantly increased in value.
2) The licensed real estate agent, Hon Sing Tsun of Citi Habitats, urges contacting him about this opportunity to potentially profit from the increase in value like past Stern and Zeckendorf projects.
3) Purchasing early could allow participating in the property's expected rise in price due to the prestigious developers involved.
The Land Market Survey is a collaboration of the REALTOR® Land Institute (RLI) and the National Association of REALTORS® (NAR) that started in 2014.The objective of this survey is to gather information and insights about land transactions among land real estate professionals that can be used as a resource in conducting land business.
Single-Family Rental Market | Q3 2019 Ivan Kaufman
This document summarizes the state of the single-family rental market in Q3 2019. Key points include:
- Demand for single-family rentals remains strong due to high housing costs and student debt limiting homeownership. Build-to-rent strategies are emerging to meet supply needs.
- Occupancy rates were 93.5% for transacted SFR properties, while cap rates held steady at 6.3%.
- Individual investors own 80% of single-family rental properties, totaling 20.6 million units. However, institutional ownership is growing through build-to-rent strategies and consolidation.
- Overall the single-family rental market continues to benefit from demand growth and economies of scale.
Similar to Pain and Gain Report, March Quarter 2016 (20)
The Brisbane housing market reached a new high median price of $615,000 and defied predictions of slowing, helped by investment from southern Australia. Regional centers that relied on mining are stabilizing with economic diversification efforts underway. The tourism centers of Gold Coast, Cairns, and Toowoomba showed significant improvement in house sales markets over the quarter.
Queensland's residential property markets largely continued the trends established in late 2014, with areas of improvement showing solid results and previously struggling areas beginning to find their feet. Infrastructure projects have provided economic stimulation and recovery across regions. The downturn in regional centres has presented opportunities for first home buyers, with activity strong where incentive schemes exist. Queensland's house markets are led by Brisbane, with Toowoomba now the fastest selling major regional center.
The Australian Residential Property Market & Economy: Quarterly Review, May 2015
Take a look at a comprehensive Australian housing market overview put together by CoreLogic RP Data.
REIQ Queensland Market Monitor Issue 23: June Quarter 2014.
This issue provides a Queensland State-Wide Commentary:
- SEQ Home Market Takes the Lead.
- Brisbane Market Updates
- Queensland Regional Market Updates.
- On the Market Indicators.
- Rental Market Indicators.
Plus more state-wide property research proudly brought to you by REIQ and National Property Buyers.
http://www.nationalpropertybuyers.com.au
Queensland's residential property markets are showing signs of recovery, with strong sales activity in southeast Queensland and many tourism centers. However, the mining regions are experiencing slower sales. House markets are strengthening across most areas except mining regions. Unit markets are also improving overall but lag behind houses. Rental vacancy rates decreased in most areas over the past quarter as demand increased, though mining regions still have high vacancies.
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Pain and Gain Report, March Quarter 2016
1. Pain and Gain
March Quarter, 2016
A quarterly assessment of realised gross profit and loss
based on dwelling re-sales over the March Quarter of 2016
2. Headline results for December quarter 2015 3
National overview 4
Houses vs units 6
Focus on inner city unit markets 7
Investor vs owner occupier resales 9
Hold periods 10
Focus on regional markets 11
Unit dwellings within lifestyle markets 13
Pain & Gain: Sydney council regions 14
Pain & Gain: Melbourne council regions 15
Pain & Gain: South-East Queensland council regions 16
Pain & Gain: Adelaide council regions 17
Pain & Gain: Perth council regions 18
Pain & Gain: Hobart council regions 19
Pain & Gain: Darwin council regions 19
Pain & Gain: Canberra council regions 20
About CoreLogic 21
Disclaimers 22
Contents
3. Pain & Gain Report | March Quarter, 2016
Executive Summary
The Pain and Gain Report is a quarterly analysis of homes which were resold over the quarter. It
compares the most recent sale price to the previous sale price in order to determine whether the property
sold at a gross profit or gross loss. It provides a proxy for the performance of each housing market and
highlights the magnitude of profit or loss the typical seller of a home makes across those regions
analysed.
Over the March 2016 quarter, 9.2% of all homes resold recorded a gross loss when compared to their
previous purchase price. This figure was higher than the 8.3% at the end of 2015 and also higher than the
8.8% recorded 12 months ago. Across those dwellings which resold at a loss over the quarter, the total
value of loss was $362 million with an average loss of $66,073.
While 9.2% of resales were transacted at a loss, the vast majority (90.8%) of properties resold over the
quarter did so at a profit. In fact, nearly one third (31.9%) of homes resold for more than double their
previous purchase price. Across those homes which resold at a profit, the total value of this profit was
recorded at $12.9 billion with the average gross profit recorded at $239,855.
The data also highlights the fact that ownership of property, whether for investment or owner occupier
purposes, should be seen as a long-term investment. Across the country, those homes that resold at a
loss had an average length of ownership of 6.2 years. Across all sales recording a gross profit the
average length of ownership was recorded at 10.2 years, while homes which sold for more than double
their previous purchase price were owned for an average of 17.5 years.
The capital city housing markets continue to record a lower proportion of loss-making resales than
regional areas of the country. The trends in regional areas are shifting with the proportion of loss-making
resales trending lower in areas linked to tourism and lifestyle. On the other hand, housing markets linked
to the resources sector are generally seeing an elevated level of loss-making resales after housing
market conditions in many of these locations have posted a sharp correction, although the trend in loss
making sales is now improving in many of these locations.
3
4. Pain & Gain Report | March Quarter, 2016
National Overview
Across Australia, 9.2% of all home resales over the March 2016 quarter transacted at a gross loss. Over
the final quarter of 2015, 8.3% of home resales were at a loss which indicates loss making sales have
risen over the most recent quarter. Despite the recent increase in the proportion of loss-making resales,
less than 1 in 10 home sales are at a price lower than the previous purchase price.
Capital city homes are much less likely to resell at a loss than those in regional Australia. Over the first
quarter of 2016, 6.9% of capital city properties resold at a loss compared to 13.1% of regional properties.
Over the past quarter, the proportion of loss making resales has increased from 5.6% at the end of 2015
across the combined capital cities and fallen from 13.4% in regional markets. In fact, regional areas of
the country have just recorded their lowest proportion of loss-making resales since the three months to
July 2011.
Capital cities have consistently recorded a lower proportion of loss-making resales than regional markets
since the three months to March 2009. The recent improvement in housing market conditions across the
larger regional housing markets is driving the proportion of loss-making resales lower.
4
Focusing on the average length of ownership for homes sold over the quarter, once again there are some
differences between capital city and regional markets. Across the combined capital cities, homes that
sold at a loss over the quarter had been owned for an average of 5.4 years compared to 10.1 years for
homes sold at a gain and 17.2 years for those homes which sold for more than double their previous
purchase price. The combined regional markets recorded a 6.8 year average for homes resold at a loss
over the quarter compared to a 10.2 year average for homes sold at a gain and 18.1 years for homes sold
for more than double their previous purchase price.
Nationally there was $361.0 million in realised losses over the quarter at an average of $66,073 and
$12.9 billion in realised profit at an average of $239,855. Across the capital cities, there were $187.0
million in losses with an average of $72,042 per loss-making resale compared to $10.2 billion in profit at
an average of $294,045. The combined regional areas recorded $174.7 million in losses at an average of
$60,689 compared to $2.7 billion in profit at an average of $140,992. The average losses were greater in
the capital cities, however they also generally experienced much greater profits, more than double those
in regional areas.
0%
5%
10%
15%
20%
25%
30%
Mar 1998 Mar 2001 Mar 2004 Mar 2007 Mar 2010 Mar 2013 Mar 2016
Combined Capitals Combined Regional
Proportion of loss making sales, combined capitals v regional markets
5. Pain & Gain Report | March Quarter, 2016
National Overview
The performance of resales of houses and units differs quite significantly across the combined capital
cities and the combined regional areas of the country.
The proportion of both house and unit loss-making resales across the combined capital cities has trended
higher over the past quarter across the combined capital cities. Over the quarter, 5.8% of house resales
and 9.4% of unit resales were at a price lower than the previous purchase price. The data shows that
historically capital city houses are much more likely to resell for a profit than units. In fact, there has been
no period over which the proportion of loss-making resales was higher for houses than it was for units.
Over the first quarter of 2016, there was $120,007,898 in realised losses for resales of capital city houses
and $67,012,830 in realised losses for units. The average loss was recorded at $81,694 for houses and
$45,618 for units. In comparison there was $7,897,690,089 in realised resale profit for houses at an
average of $330,447. For capital city units, the total profit was $2,329,180,744 at an average of $97,455.
Over the March 2016 quarter, 11.2% of combined regional market houses and 19.2% of units resold for
less than their previous purchase price. Much like the capital cities, across the regional markets units
have consistently recorded a higher proportion of loss-making resales than houses.
In terms of the value of these resales, there was $106,886,172 in resales losses over the quarter for
regional houses and $67,777,822 in resale losses for units. The average losses were recorded at
$57,808 for houses and $36,656 for units. The average profit on resales in regional markets over the
quarter were $151,534 for houses and $30,918 for units. The total value of these resale profits were
$2,232,397,879 for houses and $455,479,480.
5
Proportion of loss making sales, houses v units
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Mar 1998 Mar 2001 Mar 2004 Mar 2007 Mar 2010 Mar 2013 Mar 2016
Houses Units
6. Pain & Gain Report | March Quarter, 2016
National Overview
The proportion of loss-making resales has increased across each capital city over the most recent three
months. While the proportion of loss-making resales has risen, on an historic basis most cities are still
seeing quite a low instance of homes reselling at a loss. Perth and Darwin are the exceptions, seeing
high proportions of loss-making resales. In Perth, 16.3% of homes resold at a loss the highest proportion
since September 1997 and in Darwin 21.1% of homes resold at a loss, the highest proportion since April
2003.
6
The proportion of loss-making resales over the March 2016 quarter across each capital city was recorded
at: 2.1% in Sydney, 5.5% in Melbourne, 7.7% in Brisbane, 9.3% in Adelaide, 16.3% in Perth, 10.2% in
Hobart, 21.1% in Darwin and 9.8% in Canberra.
Looking at the regional housing markets, the trends are somewhat different with most regional areas
having seen the proportion of loss-making resales falling over the quarter. In fact regional Tasmania and
regional Northern Territory are the only regions where loss-making resales increased over the quarter.
Regional NSW loss-making resales are at their lowest level since February 2008, in regional Victoria they
are at their lowest level since May 2012 and in regional Queensland they are at their lowest level since
April 2011. These figures highlight the recovery in many of the larger regional cities currently underway.
0%
5%
10%
15%
20%
25%
30%
Mar 2001 Mar 2004 Mar 2007 Mar 2010 Mar 2013 Mar 2016
Sydney Melbourne Brisbane Adelaide
0%
5%
10%
15%
20%
25%
30%
35%
40%
Mar 2001 Mar 2004 Mar 2007 Mar 2010 Mar 2013 Mar 2016
Perth Hobart Darwin Canberra
Proportion of total resales at a loss over time:
Sydney vs. Melbourne vs. Brisbane vs. Adelaide
Proportion of total resales at a loss over time:
Perth vs. Hobart vs. Darwin vs. Canberra
7. Pain & Gain Report | March Quarter, 2016
Focus on inner city unit markets
The unit market has been gaining a lot of attention lately because of the record-high level of new
construction; in this section we look at the proportion of loss-making resales across the inner city SA4
region unit markets across each capital city. As you will note, the proportion of loss-making resales is
generally rising in these regions and much higher than those for houses in the same region.
7
Over the quarter, 1.6% of resales were at a loss in Sydney-Inner City and South, across the other cities
the regions recorded resale losses for units as follows: Melbourne-Inner (19.1%), Brisbane Inner City
(11.1%), Adelaide-Central and Hills (8.4%), Perth-Inner (24.6%), Hobart (14.1%), Darwin (26.6%) and
Canberra (21.8%). Melbourne-Inner has just recorded its highest proportion of loss making resales for
units since November 2005. Sydney-City and Inner South and Perth-Inner are the only two regions
where the proportion of loss-making unit resales have fallen over the quarter. Importantly, all regions
analysed except for Sydney-Inner and South and Adelaide-Central and Hills are recording more than 1 in
10 unit resales at a loss. This is obviously a potential cause for concern with most of these regions
expecting to see significant additional supply entering the market over the coming years.
Proportion of total resales at a loss over time (Inner Cities):
Sydney vs. Melbourne vs. Brisbane vs. Adelaide
Proportion of total resales at a loss over time (Inner Cities):
Perth vs. Hobart vs. Darwin vs. Canberra
0%
5%
10%
15%
20%
25%
30%
Mar 2004 Mar 2007 Mar 2010 Mar 2013 Mar 2016
Sydney - City and Inner South
Melbourne - Inner
Brisbane Inner City
Adelaide - Central and Hills
0%
5%
10%
15%
20%
25%
30%
35%
40%
Mar 2004 Mar 2007 Mar 2010 Mar 2013 Mar 2016
Perth - Inner Hobart
Darwin Canberra
8. Pain & Gain Report | March Quarter, 2016
Houses vs units
Over the first quarter of 2016, 7.9% of houses which resold transacted for less than their previous
purchase price compared to 12.4% of unit resales. Across the capital cities, 5.8% of houses resold at a
loss compared to 9.4% of units and in regional markets 11.2% of houses resold at a loss compared to
19.2% of units. The data already analysed shows that units are more likely to be resold at a loss than
houses and the value of resale profits are typically significantly lower than those from houses.
Sydney was the only capital city or regional housing market in which units had a lower proportion of
resales at a loss (1.9%) than houses (2.2%) over the quarter. The differential in loss-making resales
between houses and units was quite substantial across most regions, in fact in Melbourne, Brisbane,
Regional Northern Territory and the Australian Capital Territory units were more than twice as likely to
resell at a loss as houses. The relatively higher proportion of loss-making resales for units is reflective of
the fact that house values have historically increase at a more rapid pace than units. Furthermore, it also
reflects the fact that units are much more likely to be owned by investors than owner occupiers. The
ability for investors to offset losses against future capital gains while owner occupiers can’t means that
investors are more likely and better able to deal with losses on resales of residential properties than
owner occupiers.
8
Houses Units
Region Pain Gain Pain Gain
Sydney 2.2% 97.8% 1.9% 98.1%
Regional NSW 6.2% 93.8% 9.9% 90.1%
Melbourne 2.4% 97.6% 11.7% 88.3%
Regional Vic 6.6% 93.4% 12.3% 87.7%
Brisbane 5.3% 94.7% 14.1% 85.9%
Regional Qld 14.8% 85.2% 23.8% 76.2%
Adelaide 8.9% 91.1% 10.1% 89.9%
Regional SA 21.4% 78.6% 25.8% 74.2%
Perth 14.8% 85.2% 23.2% 76.8%
Regional WA 25.8% 74.2% 43.0% 57.0%
Hobart 8.8% 91.2% 14.1% 85.9%
Regional Tas 19.6% 80.4% 29.4% 70.6%
Darwin 18.8% 81.2% 26.6% 73.4%
Regional NT 10.0% 90.0% 40.0% 60.0%
Australian Capital Territory 2.2% 97.8% 21.8% 78.2%
National 7.9% 92.1% 12.4% 87.6%
Cap city 5.8% 94.2% 9.4% 90.6%
Regional 11.2% 88.8% 19.2% 80.8%
Proportion of total resales at a loss/gain, houses vs. units, March 2016 quarter
9. Pain & Gain Report | March Quarter, 2016
Investor vs Owner Occupier Resales
Over the first quarter of 2016, 8.0% of owner occupiers and 11.8% of investors that resold their properties
did so at a loss. Sydney and Darwin were the only two regions in which the proportion of loss-making
resales by investors was lower than those to owner occupiers.
For the combined capital cities, 5.9% of owner occupier resales were at a loss compared to 9.0% of
investor resales. Investors were more than twice as likely to make a loss on resale as owner occupiers
over the quarter in Melbourne, Brisbane and the Australian Capital Territory.
The proportion of loss making resales were much higher in regional markets at 11.3% of all resales for
owner occupiers and 17.4% for investors. Those investors reselling in Regional northern Territory were
more than twice as likely to incur a loss as owner occupiers.
Housing finance data has showed a sharp slowdown in investor activity over recent months. When it
comes time to resell a property owner occupier stock is much more likely to turn a gross profit than
investment stock. This is most likely due to the fact that investment is more prevalent in the unit market
than detached houses. As we’ve already shown, units are more likely to be resold at a loss than houses
are. Furthermore, investor housing stock generally has more narrow overall appeal than owner occupier
housing stock. Arguably, transacting at a gross loss is easier for an investor to accept, as the loss can be
offset against future capital gains. The recent heightened level of investment purchasing therefore poses
risks in the event of a housing market downturn as investors may be willing to sell their investment but
they may find it increasingly difficult to find willing purchasers.
9
PAIN GAIN
Region
Owner
Occupied
Investor
Owner
Occupied
Investor
Sydney 2.2% 1.9% 97.8% 98.1%
Regional NSW 6.2% 8.9% 93.8% 91.1%
Melbourne 3.3% 9.0% 96.7% 91.0%
Regional Vic 7.1% 8.2% 92.9% 91.8%
Brisbane 5.6% 11.7% 94.4% 88.3%
Regional Qld 15.2% 24.6% 84.8% 75.4%
Adelaide 8.1% 11.5% 91.9% 88.5%
Regional SA 19.6% 29.7% 80.4% 70.3%
Perth 15.2% 19.2% 84.8% 80.8%
Regional WA 25.8% 31.7% 74.2% 68.3%
Hobart 7.8% 14.6% 92.2% 85.4%
Regional Tas 16.5% 32.0% 83.5% 68.0%
Darwin 22.1% 19.8% 77.9% 80.2%
Regional NT 16.7% 36.4% 83.3% 63.6%
Australian Capital Territory 5.9% 17.3% 94.1% 82.7%
National 8.0% 11.8% 92.0% 88.2%
Cap city 5.9% 9.0% 94.1% 91.0%
Regional 11.3% 17.4% 88.7% 82.6%
Proportion of total resales at a loss/gain, owner occupied vs. investors,
March 2016 quarter
10. Pain & Gain Report | March Quarter, 2016
Hold Periods
Over the first quarter of 2016, the typical house which resold for less than the previous purchase price
had been owned for 5.8 years while the typical unit had been owned for 6.7 years. Turning to resales
which made a profit, the typical length of ownership was 10.5 years for houses and 10.0 years for units.
Across the combined capital cities, the average length of ownership for loss-making resales was 5.2
years for houses and 5.7 years for units compared to 10.6 years and 9.2 years respectively for resales at
a profit. Across each individual capital city, the average length of ownership for loss-making resales was
shorter for houses than for units. For properties reselling at a profit, Adelaide and Perth where the only
cities in which the average length of ownership was greater for houses than units.
For the combined regional markets, the average length of ownership for those properties reselling at a
loss was 6.3 years for houses and 7.8 years for units over the first quarter of 2016. Those homes resold
at a profit had been owner for an average of 10.4 years for houses and 9.3 years for units. The data
highlights that over the quarter, loss-making resales had typically been owned longer in regional areas
than in capital city markets. This is reflective of comparatively weaker property value growth in regional
markets over recent years than in capital cities. When it comes to reselling at a profit, the average length
of ownership was similar across the capital cities and regional markets.
10
PAIN GAIN
Region Houses Units Houses Units
Sydney 6.2 6.5 11.0 8.6
Regional NSW 6.5 8.1 10.2 9.1
Melbourne 3.8 5.5 11.2 9.6
Regional Vic 5.1 6.6 10.9 9.8
Brisbane 5.9 6.1 10.2 9.5
Regional Qld 6.4 7.9 10.4 9.4
Adelaide 5.3 5.7 9.4 9.7
Regional SA 6.6 6.7 9.7 9.5
Perth 5.0 5.5 9.9 10.4
Regional WA 6.7 7.2 10.7 10.2
Hobart 5.6 6.3 10.5 10.2
Regional Tas 6.1 6.4 11.0 10.8
Darwin 5.3 5.8 9.0 8.2
Regional NT 3.5 5.2 8.2 5.9
Australian Capital Territory 4.2 5.0 10.5 10.0
National 5.8 6.7 10.5 9.3
Cap city 5.2 5.7 10.6 9.2
Regional 6.3 7.8 10.4 9.3
Average hold period of resales at a loss/gain, houses vs. units,
March 2016 quarter
11. Pain & Gain Report | March Quarter, 2016
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
Mar 1996 Mar 2000 Mar 2004 Mar 2008 Mar 2012 Mar 2016
Fitzroy
Hunter Valley (ex Newcastle)
Mackay
Outback SA
Outback WA
Focus on Regional Markets
Major mining regions
As the downturn in mining investment continues we continue to see fallout in certain housing markets, in
fact the mining slowdown partly explains the current weakness in the Perth and Darwin housing markets.
Across the major mining-linked regions nationally, over the first quarter of 2016 the proportion of loss
making resales were recorded at: 39.9% of resales in Fitzroy, 11.3% in Hunter Valley (excluding
Newcastle), 49.2% in Mackay, 26.0% in Outback SA, 40.9% in Townsville and 36.4% in Outback WA.
Although the proportion of loss-making resales in most of these regions remains inflated, it actually fell
over the quarter in Fitzroy, Hunter Valley (excluding Newcastle) and Mackay.
Across all regions except for the Hunter Valley (excluding Newcastle) the proportion of loss-making
resales have recorded a significant rise over recent years. The rise in loss-making resales has been in
line with the decline in resource investment and falling commodity prices. In many of these regions this
has meant significantly less housing demand and subsequently value falls. In these regions many home
owners wish to sell their homes, unfortunately there are very few willing buyers currently in these
markets. As a result, those people selling are having to reduce their price expectations substantially in
order to sell and in some instances simply can’t sell because there are very few people wanting to
purchase in these regions.
11
Proportion of total resales at a loss over time:
major resource regions
12. Pain & Gain Report | March Quarter, 2016
Focus on Regional Markets
Major coastal regions
While the markets linked to the resources sector have seen their proportion of loss-making sales rise over
recent years the coastal markets have generally seen conditions improve. Across the regions we
analysed, the proportion of loss-making resales has been recorded at: 2.3% in Illawarra, 2.3% in
Newcastle-Lake Macquarie, 7.7% in Richmond-Tweed, 11.0% in Mid-North Coast, 4.2% in Geelong,
21.8% in Bunbury, 22.8% in Cairns, 12.9% on the Gold Coast and 11.8% on the Sunshine Coast.
12
All of these regions are now
showing a proportion of loss-
making resales which is lower
than the recent peak. Bunbury
and Cairns are the only regions
where the proportion of loss-
making resales is higher than it
was 12 months ago. The charts
show that there has been a fairly
sharp improvement in loss
making resales over recent times
in Richmond-Tweed, Mid-North
Coast, Cairns, Gold Coast and
Sunshine Coast. This is
reflective of the returning value
growth and overall improving
housing market conditions in
coastal lifestyle housing markets.
The proportion of loss-making
resales hasn’t been this low in
many years across most of the
regions detailed. With official
interest rates having moved even
lower and home value growth
remaining steady we would
expect a further decline in the
proportion of loss-making resales
over the coming quarters.
0%
5%
10%
15%
20%
25%
30%
35%
Mar 1996 Mar 2000 Mar 2004 Mar 2008 Mar 2012 Mar 2016
Illawarra
Newcastle & Lake Macquarie
Richmond - Tweed
Mid North Coast
0%
10%
20%
30%
40%
50%
60%
Mar 1996 Mar 2000 Mar 2004 Mar 2008 Mar 2012 Mar 2016
Geelong
Bunbury
Cairns
Gold Coast
Sunshine Coast
Proportion of total resales at a loss over time:
major coastal markets
13. Pain & Gain Report | March Quarter, 2016
0% 15% 30% 45% 60%
Australian Capital Territory
Capital Region
Central West
Coffs Harbour - Grafton
Far West and Orana
Hunter Valley exc Newcastle
Illawarra
Mid North Coast
Murray
New England and North West
Newcastle and Lake Macquarie
Richmond - Tweed
Riverina
Southern Highlands and Shoalhaven
Sydney
Darwin
Northern Territory - Outback
Brisbane
Cairns
Darling Downs - Maranoa
Fitzroy
Gold Coast
Mackay
Queensland - Outback
Sunshine Coast
Toowoomba
Townsville
Wide Bay
Adelaide
Barossa - Yorke - Mid North
South Australia - Outback
South Australia - South East
Hobart
Launceston and North East
South East
West and North West
Ballarat
Bendigo
Geelong
Hume
Latrobe - Gippsland
Melbourne
North West
Shepparton
Warrnambool and South West
Bunbury
Perth
Western Australia - Outback
Western Australia - Wheat Belt
AC
TNSWNTQLDSATASVICWA
Units
Houses
Unit dwellings within lifestyle markets are generally
showing the largest proportion of loss-making re-sales
Proportion of loss-making re-sales, March Quarter
2016 non-capital city SA4 regions and GCCSA
regions, houses and units
13
From a regional perspective the
largest proportion of loss-making
resales were located in the following
regions:
Mackay (Qld) (49.2%)
Townsville (Qld) (40.9%)
Fitzroy (Qld) (39.9%)
Outback (WA) (36.4%)
Wide Bay (Qld) (28.2%)
West and North West (Tas)
(27.7%)
Wheat Belt (WA) (27.3%)
Outback (SA) (26.0%)
Outback (Qld) (25.0%)
Outback (NT) (22.9%)
The lowest proportion of loss-
making resales were recorded in the
following regions:
Sydney (NSW) (2.1%)
Newcastle and Lake Macquarie
(NSW) (2.3%)
Illawarra (NSW) (2.3%)
Southern Highlands and
Shoalhaven (NSW) (3.9%)
Geelong (Vic) (4.2%)
Melbourne (Vic) (5.5%)
Hume (Vic) (5.8%)
Central West (NSW) (5.9%)
Bendigo (Vic) (5.9%)
Ballarat (Vic) (6.0%)
ACT
14. Pain & Gain Report | March Quarter, 2016
Pain & Gain
Sydney council regions
2.2% of Sydney houses and 1.9% of units resold
at a loss over the first quarter of 2016 with the
proportion of loss-making resales remaining at
near record lows. The Botany Bay, Hunters Hill
and Mosman Council areas recorded no resales
at a loss over the quarter. Even those council
areas that recorded the highest proportion of
loss-making resales: Strathfield (4.9%), Burwood
and Bankstown and North Sydney (4.0%)
recorded less than 1 in 20 resales at a loss over
the quarter.
14
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of
loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Ashfield 2.8% 1.1 -$48,000 -$96,000 97.2% 10.5 $380,000 $38,796,215
Auburn 0.7% 1.9 -$470,500 -$470,500 99.3% 8.2 $228,000 $45,657,013
Bankstown 4.0% 6.8 -$81,250 -$1,629,000 96.0% 8.9 $303,000 $103,919,131
Blacktown 1.6% 6.2 -$77,500 -$1,074,701 98.4% 9.7 $276,500 $228,331,782
Blue Mountains 1.7% 7.7 -$100,500 -$604,000 98.3% 10.1 $240,000 $63,088,023
Botany Bay 0.0% 100.0% 7.8 $285,000 $24,246,000
Burwood 4.8% 18.6 -$140,500 -$281,000 95.2% 10.2 $424,000 $24,171,000
Camden 1.1% 1.1 -$200,818 -$401,635 98.9% 9.0 $252,500 $56,395,959
Campbelltown 1.4% 1.8 -$54,500 -$394,000 98.6% 9.7 $231,000 $110,668,156
Canada Bay 2.4% 6.4 -$130,000 -$723,000 97.6% 8.9 $380,000 $110,675,054
Canterbury 2.0% 8.4 -$96,500 -$650,499 98.0% 9.5 $290,000 $117,601,150
Fairfield 3.2% 11.5 -$37,500 -$1,035,998 96.8% 10.4 $305,000 $79,430,235
Gosford 2.9% 9.6 -$73,750 -$1,850,300 97.1% 9.7 $223,500 $184,920,321
Hawkesbury 1.1% 6.1 -$248,500 -$497,000 98.9% 11.2 $275,000 $65,428,284
Holroyd 1.4% 7.8 -$39,250 -$1,067,500 98.6% 10.0 $259,861 $91,188,492
Hornsby 0.9% 4.2 -$250,100 -$606,600 99.1% 12.2 $468,000 $181,749,582
Hunters Hill 0.0% 100.0% 3.9 $595,000 $3,605,000
Hurstville 2.4% 6.7 -$196,625 -$713,750 97.6% 9.5 $337,000 $72,291,076
Kogarah 0.9% 7.7 -$82,398 -$82,398 99.1% 9.5 $361,250 $49,643,513
Ku-ring-gai 1.8% 4.1 -$196,000 -$2,367,458 98.2% 10.5 $670,000 $234,021,570
Lane Cove 1.3% 4.6 -$212,500 -$212,500 98.7% 9.9 $369,600 $53,501,562
Leichhardt 0.7% 2.5 -$200,000 -$200,000 99.3% 8.9 $577,500 $90,907,615
Liverpool 2.9% 5.1 -$100,417 -$1,290,493 97.1% 10.2 $288,250 $116,994,685
Manly 0.8% 0.6 -$35,000 -$35,000 99.2% 10.2 $623,500 $92,831,166
Marrickville 2.6% 4.7 -$146,625 -$878,250 97.4% 10.6 $419,000 $79,088,083
Mosman 0.0% 100.0% 9.5 $450,000 $48,848,500
North Sydney 4.0% 3.7 -$171,000 -$3,200,000 96.0% 11.1 $435,000 $115,071,730
Parramatta 1.7% 3.9 -$123,125 -$705,650 98.3% 9.9 $288,000 $133,012,909
Penrith 1.8% 5.0 -$77,250 -$741,990 98.2% 10.7 $251,875 $164,239,218
Pittwater 3.4% 9.1 -$143,750 -$978,835 96.6% 9.7 $397,500 $87,703,749
Randwick 1.6% 5.9 -$340,000 -$1,899,000 98.4% 10.5 $431,000 $161,298,000
Rockdale 1.4% 3.2 -$372,000 -$1,417,000 98.6% 9.3 $311,750 $82,954,729
Ryde 2.2% 2.3 -$166,000 -$1,235,000 97.8% 11.0 $390,000 $127,997,213
Strathfield 4.9% 5.1 -$195,250 -$1,143,500 95.1% 7.5 $244,750 $33,824,500
Sutherland Shire 1.9% 6.5 -$126,500 -$2,254,000 98.1% 11.2 $356,500 $256,474,544
Sydney 1.8% 2.8 -$268,500 -$2,915,443 98.2% 8.9 $331,550 $234,858,592
The Hills Shire 1.4% 6.7 -$201,250 -$1,852,500 98.6% 11.0 $510,100 $245,460,445
Warringah 2.4% 7.9 -$170,000 -$2,839,700 97.6% 9.9 $418,500 $194,400,412
Waverley 2.9% 4.0 -$516,667 -$2,083,333 97.1% 11.1 $596,500 $108,569,995
Willoughby 3.2% 6.4 -$143,500 -$1,069,400 96.8% 10.4 $537,500 $132,146,177
Wollondilly 1.8% 8.2 -$47,862 -$95,723 98.2% 8.9 $218,250 $30,044,187
Woollahra 1.2% 6.5 -$959,167 -$1,918,334 98.8% 9.6 $515,000 $111,769,826
Wyong 3.0% 7.2 -$59,500 -$2,191,500 97.0% 9.5 $172,000 $146,462,744
0%
5%
10%
15%
20%
25%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
Loss Making Sales – Houses v Units
15. Pain & Gain Report | March Quarter, 2016
Pain & Gain
Melbourne council regions
2.4% of Melbourne houses and 11.7% of units
resold at a loss over the March 2016 quarter,
with the proportion of loss-making unit sales at
its highest level since March 2013. The
Moorabool and Murrindindi council areas each
recorded no resales at a loss over the quarter.
The Mitchell (29.4%), Melbourne (23.4%) and
Stonnington (12.6%) council areas recorded the
highest proportion of loss-making resales over
the quarter.
15
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Banyule 5.2% 4.4 -$47,000 -$831,000 94.8% 11.0 $270,000 $75,884,327
Bayside 6.2% 5.0 -$172,500 -$2,994,450 93.8% 11.5 $482,500 $106,391,801
Boroondara 6.5% 5.2 -$30,000 -$1,978,388 93.5% 13.1 $528,000 $197,599,146
Brimbank 4.7% 4.4 -$10,000 -$418,100 95.3% 10.1 $150,800 $63,598,302
Cardinia 2.8% 1.7 -$4,500 -$226,858 97.2% 8.1 $90,000 $23,503,698
Casey 2.2% 4.8 -$30,000 -$1,204,600 97.8% 9.5 $155,000 $101,829,744
Darebin 4.3% 4.7 -$59,261 -$936,511 95.7% 11.8 $284,500 $84,227,991
Frankston 2.2% 3.3 -$39,500 -$923,100 97.8% 9.7 $133,750 $79,450,875
Glen Eira 4.9% 4.4 -$24,500 -$456,402 95.1% 11.7 $372,000 $140,474,105
Greater Dandenong 3.8% 4.9 -$19,999 -$897,399 96.2% 11.2 $202,000 $66,704,595
Hobsons Bay 3.6% 4.7 -$75,000 -$455,000 96.4% 11.1 $231,500 $56,506,958
Hume 5.3% 3.7 -$28,500 -$632,800 94.7% 9.2 $95,000 $42,353,545
Kingston 2.6% 3.7 -$33,000 -$509,060 97.4% 12.0 $295,602 $125,921,426
Knox 1.4% 5.4 -$24,056 -$407,362 98.6% 12.1 $309,000 $101,809,921
Macedon Ranges 4.4% 5.8 -$30,737 -$61,473 95.6% 8.9 $175,000 $10,015,702
Manningham 7.8% 3.8 -$31,750 -$862,720 92.2% 13.0 $485,000 $96,027,385
Maribyrnong 9.2% 3.5 -$17,500 -$1,122,390 90.8% 9.5 $195,000 $43,581,533
Maroondah 1.6% 5.0 -$169,000 -$868,500 98.4% 11.3 $265,000 $86,275,580
Melbourne 23.4% 6.5 -$39,000 -$5,380,092 76.6% 9.1 $87,000 $57,403,924
Melton 4.1% 4.3 -$20,000 -$291,998 95.9% 7.4 $75,000 $29,372,614
Mitchell 29.4% 6.2 -$20,000 -$255,001 70.6% 6.9 $62,000 $1,041,750
Monash 1.7% 5.0 -$8,000 -$30,500 98.3% 13.0 $499,000 $134,389,405
Moonee Valley 9.1% 5.7 -$70,000 -$1,277,000 90.9% 11.0 $286,500 $83,419,473
Moorabool 0.0% 100.0% 11.6 $116,000 $4,809,100
Moreland 7.1% 4.9 -$43,501 -$2,160,002 92.9% 12.1 $232,000 $95,687,071
Mornington Peninsula 2.7% 4.3 -$59,000 -$2,085,396 97.3% 10.5 $204,000 $203,594,938
Murrindindi 0.0% 100.0% 10.8 $102,000 $571,000
Nillumbik 2.9% 6.0 -$65,000 -$274,000 97.1% 10.2 $200,000 $27,314,668
Port Phillip 8.2% 6.0 -$30,500 -$1,999,376 91.8% 9.7 $209,000 $76,490,950
Stonnington 12.6% 6.0 -$40,000 -$1,424,900 87.4% 13.1 $323,334 $78,336,205
Whitehorse 4.5% 4.5 -$40,000 -$1,589,876 95.5% 13.8 $570,500 $196,130,189
Whittlesea 5.2% 4.0 -$24,000 -$1,243,750 94.8% 10.1 $109,000 $36,072,147
Wyndham 6.3% 3.5 -$30,000 -$1,145,400 93.8% 8.2 $100,000 $46,325,878
Yarra 10.8% 5.2 -$32,800 -$1,050,922 89.2% 10.6 $300,000 $62,096,339
Yarra Ranges 1.5% 7.4 -$80,000 -$386,500 98.5% 11.0 $216,000 $84,670,521
Loss Making Sales – Houses v Units
0%
2%
4%
6%
8%
10%
12%
14%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
16. Pain & Gain Report | March Quarter, 2016
Pain & Gain
South-East Queensland council regions
Across Greater Brisbane, the proportion of loss-
making resales has trended lower over the past
few years and was recorded at 5.3% for houses
and 14.1% for units over the March 2016.
Looking more broadly at the South-East
Queensland region, the council areas with the
lowest proportion of loss-making resales were:
Brisbane (5.2%), Toowoomba (5.6%) and Logan
(7.8%). Meanwhile, the regions with the highest
proportion of loss-making resales were: Lockyer
Valley (32.4%), Somerset (19.6%) and Scenic
Rim (13.8%).
16
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of
loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Brisbane 5.2% 5.3 -$27,500 -$8,579,525 94.8% 10.4 $152,500 $725,974,382
Gold Coast 13.0% 7.9 -$35,000 -$27,592,151 87.0% 9.8 $97,000 $413,895,251
Ipswich 12.8% 6.4 -$11,500 -$2,006,325 87.2% 10.1 $70,000 $45,310,327
Lockyer Valley 32.4% 6.0 -$35,000 -$350,000 67.6% 11.7 $94,000 $2,710,500
Logan 7.8% 6.3 -$15,000 -$2,290,787 92.2% 10.5 $87,000 $122,549,676
Moreton Bay 10.7% 6.6 -$20,000 -$4,680,115 89.3% 8.5 $72,500 $130,705,435
Redland 8.7% 5.5 -$27,750 -$2,299,350 91.3% 10.3 $100,000 $73,923,781
Scenic Rim 13.8% 6.6 -$22,875 -$353,500 86.2% 11.8 $66,250 $5,246,700
Somerset 19.6% 5.9 -$22,500 -$256,500 80.4% 9.8 $71,900 $4,156,900
Sunshine Coast 11.8% 7.5 -$30,000 -$12,283,296 88.2% 9.6 $94,000 $207,104,508
Toowoomba 5.6% 4.2 -$16,500 -$870,836 94.4% 8.9 $81,000 $51,010,790
Loss Making Sales – Houses v Units
0%
10%
20%
30%
40%
50%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
17. Pain & Gain Report | March Quarter, 2016
Pain & Gain
Adelaide council regions
Over the March 2016 quarter, 8.9% of resales of
Adelaide houses and 10.1% of units were at a
gross loss, with both recording increases over
the past quarter. The Light, Mallala and
Walkerville council areas recorded no loss-
making resales over the quarter. The council
areas with the highest proportion of loss-making
resales over the quarter were: Playford (28.6%),
Gawler (16.0%) and Adelaide (14.9%).
17
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of
loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Adelaide 14.9% 4.4 -$40,000 -$732,525 85.1% 9.9 $131,500 $13,656,696
Adelaide Hills 8.7% 6.3 -$28,000 -$485,500 91.3% 10.4 $145,000 $19,135,900
Burnside 8.3% 5.5 -$120,000 -$2,000,000 91.7% 10.2 $189,995 $30,818,988
Campbelltown 3.4% 4.4 -$12,500 -$99,000 96.6% 9.4 $141,500 $20,616,246
Charles Sturt 8.7% 5.1 -$32,500 -$1,814,500 91.3% 9.3 $120,000 $37,935,844
Gawler 16.0% 5.0 -$8,750 -$186,600 84.0% 9.6 $75,000 $5,619,450
Holdfast Bay 5.7% 7.7 -$37,450 -$797,450 94.3% 9.7 $128,750 $25,464,626
Light 0.0% 100.0% 6.0 $62,000 $706,500
Mallala 0.0% 100.0% 10.0 $34,000 $282,000
Marion 6.6% 4.7 -$28,000 -$1,060,500 93.4% 9.0 $104,000 $32,963,391
Mitcham 4.4% 5.8 -$35,000 -$714,600 95.6% 10.1 $177,500 $35,332,640
Mount Barker 10.6% 4.9 -$20,750 -$421,500 89.4% 9.2 $88,750 $10,292,610
Norwood Payneham St
Peters 7.0% 7.1 -$103,000 -$898,250 93.0% 9.5 $197,750 $21,781,632
Onkaparinga 8.1% 5.5 -$13,250 -$1,215,273 91.9% 9.1 $74,500 $41,447,093
Playford 28.6% 6.1 -$19,000 -$1,316,150 71.4% 8.9 $48,000 $8,753,965
Port Adelaide Enfield 11.2% 5.7 -$17,306 -$1,862,624 88.8% 9.1 $103,500 $33,312,699
Prospect 5.6% 3.8 -$21,500 -$43,000 94.4% 10.1 $162,000 $6,788,690
Salisbury 9.4% 5.2 -$9,000 -$872,298 90.6% 8.6 $58,250 $22,465,252
Tea Tree Gully 5.8% 5.0 -$19,500 -$683,550 94.2% 10.3 $105,000 $30,416,646
Unley 6.5% 4.9 -$18,000 -$111,919 93.5% 10.6 $195,000 $28,286,103
Walkerville 0.0% 100.0% 12.6 $166,000 $3,056,500
West Torrens 9.0% 3.9 -$23,000 -$776,400 91.0% 9.6 $101,000 $19,796,895
Loss Making Sales – Houses v Units
0%
5%
10%
15%
20%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
18. Pain & Gain Report | March Quarter, 2016
Pain & Gain
Perth council regions
14.8% of resold houses and 23.2% of resold
units across Perth over the March 2016 quarter
were sold for less than the previous purchase
price with loss-making resales of houses at their
highest level since September 1997. The
Peppermint Grove council area recorded no
resales at a loss over the quarter, while Melville
(6.8%) and Gosnells (8.6%) were the other two
regions with the lowest proportion of loss-making
resales. The highest proportion of loss-making
resales occurred in the Perth (40.0%), Murray
(29.7%) and Mandurah (29.5%) council areas.
18
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Armadale 13.1% 4.6 -$32,000 -$1,231,900 86.9% 8.4 $84,500 $24,270,700
Bassendean 13.5% 4.7 -$5,500 -$118,000 86.5% 9.4 $175,000 $9,161,000
Bayswater 12.7% 5.1 -$15,000 -$716,500 87.3% 10.3 $128,000 $27,797,050
Belmont 11.3% 6.1 -$65,000 -$771,000 88.8% 9.6 $119,000 $13,210,862
Cambridge 12.3% 4.3 -$41,500 -$555,500 87.7% 10.4 $187,150 $25,124,548
Canning 9.0% 3.6 -$42,500 -$1,385,801 91.0% 10.0 $190,000 $42,790,608
Claremont 23.8% 4.7 -$390,000 -$1,880,000 76.2% 12.2 $205,000 $5,110,000
Cockburn 9.9% 5.2 -$25,000 -$1,542,500 90.1% 9.4 $177,750 $50,856,532
Cottesloe 22.2% 5.2 -$69,000 -$403,000 77.8% 11.3 $471,500 $5,690,500
East Fremantle 25.0% 5.2 -$162,500 -$682,500 75.0% 9.8 $160,759 $3,552,518
Fremantle 18.3% 3.9 -$80,000 -$1,604,000 81.7% 9.1 $136,369 $12,862,415
Gosnells 8.6% 5.1 -$22,500 -$626,000 91.4% 10.6 $192,500 $39,876,637
Joondalup 12.4% 4.7 -$49,000 -$5,076,292 87.6% 10.9 $195,000 $111,094,372
Kalamunda 9.4% 4.6 -$50,000 -$677,500 90.6% 10.1 $222,000 $30,216,750
Kwinana 15.7% 6.2 -$8,500 -$214,700 84.3% 8.2 $104,000 $12,380,350
Mandurah 29.5% 6.3 -$35,000 -$9,230,675 70.5% 10.2 $138,000 $43,793,186
Melville 6.8% 4.4 -$57,000 -$1,778,500 93.2% 11.4 $300,000 $70,308,759
Mosman Park 13.0% 5.1 -$150,000 -$717,500 87.0% 12.3 $336,000 $8,229,500
Mundaring 14.3% 5.1 -$25,500 -$835,000 85.7% 10.7 $173,500 $14,898,275
Murray 29.7% 7.6 -$75,000 -$1,300,500 70.3% 10.7 $220,000 $5,780,070
Nedlands 18.6% 3.8 -$134,750 -$1,757,000 81.4% 12.5 $615,000 $24,207,060
Peppermint Grove
Perth 40.0% 6.2 -$37,500 -$2,985,000 60.0% 10.0 $84,750 $8,937,994
Rockingham 19.4% 4.9 -$17,500 -$2,468,000 80.6% 9.5 $104,000 $43,590,488
Serpentine-Jarrahdale 12.7% 4.6 -$20,000 -$275,000 87.3% 7.2 $242,500 $11,205,800
South Perth 16.1% 4.1 -$22,500 -$1,191,600 83.9% 10.2 $170,025 $26,779,814
Stirling 18.1% 4.8 -$34,000 -$7,640,800 81.9% 10.8 $200,000 $117,098,644
Subiaco 13.6% 4.7 -$65,000 -$631,500 86.4% 9.5 $192,000 $14,073,740
Swan 13.8% 5.3 -$30,000 -$2,649,950 86.2% 9.0 $180,000 $49,317,396
Victoria Park 15.5% 5.8 -$40,500 -$1,529,000 84.5% 9.8 $145,000 $16,392,500
Vincent 22.2% 3.8 -$36,000 -$1,350,625 77.8% 8.8 $155,000 $13,721,325
Wanneroo 21.9% 4.8 -$20,750 -$4,017,500 78.1% 8.9 $168,000 $59,771,218
Loss Making Sales – Houses v Units
0%
5%
10%
15%
20%
25%
30%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
19. Pain & Gain Report | March Quarter, 2016
Pain & Gain
Hobart council regions
8.8% of Hobart houses and 14.1% of units
resold over the March 2016 quarter were at a
loss, with both property types having recorded
an increase over the quarter. Across the council
areas, Brighton (21.4%), Sorell (19.6%) and
Derwent Valley (17.2%) had the highest
proportion of loss-making resales over the
quarter. The proportion of loss-making resales
was lowest in Hobart (4.0%), Kingborough
(7.0%) and Clarence (8.6%) council areas.
19
Darwin council regions
Across Darwin over the three months to March
2016, 18.8% of houses and 26.6% of units
resold at a loss both of which were much higher
over the quarter and year. Palmerston has
recorded the highest proportion of loss-making
resales over the quarter (24.6%) followed by:
Darwin (20.0%) and Litchfield (19.4%).
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region % of all sales
Avg hold
period
Median
loss
Total value
of loss
% of all sales
Avg hold
period
Median
profit
Total value
of profit
Brighton 21.4% 6.1 -$13,750 -$94,500 78.6% 11.3 $72,750 $1,770,900
Clarence 8.6% 5.0 -$30,000 -$596,500 91.4% 11.1 $112,500 $22,153,136
Derwent Valley 17.2% 6.6 -$13,000 -$59,000 82.8% 12.6 $85,500 $1,929,750
Glenorchy 15.9% 6.6 -$17,000 -$637,000 84.1% 10.4 $53,500 $11,305,225
Hobart 4.0% 6.3 -$7,500 -$409,334 96.0% 9.9 $125,500 $32,596,237
Kingborough 7.0% 5.0 -$22,500 -$945,000 93.0% 10.2 $83,750 $13,736,323
Sorell 19.6% 5.0 -$10,000 -$112,000 80.4% 9.3 $60,000 $3,256,233
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of
loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Darwin 20.0% 5.3 -$40,000 -$1,373,976 80.0% 9.3 $160,000 $19,637,100
Litchfield 19.4% 6.0 -$183,000 -$1,327,000 80.6% 9.6 $260,000 $7,668,396
Palmerston 24.6% 5.8 -$49,002 -$1,267,618 75.4% 7.1 $117,000 $7,481,955
Loss Making Sales – Houses v Units
Loss Making Sales – Houses v Units
0%
10%
20%
30%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
0%
10%
20%
30%
40%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
20. Pain & Gain Report | March Quarter, 2016
Pain & Gain
Canberra council regions
20
Over the three months to March 2016, 2.2% of
Canberra houses and 21.8% of units re-sold at a
loss. While the proportion of loss-making
resales of houses are at their lowest level in four
years, loss making resales of units remain at
around their highest levels since 2000.
Gross loss-making sales, Mar-16 qtr Gross profit-making sales, Mar-16 qtr
Region
% of all
sales
Avg hold
period
Median
loss
Total value of
loss
% of all
sales
Avg hold
period
Median
profit
Total value of
profit
Unincorporated ACT 9.8% 4.9 -$30,000 -$3,326,400 90.2% 10.3 $150,500 $149,534,957
Loss Making Sales - Houses v Units
0%
10%
20%
30%
Mar-04 Mar-07 Mar-10 Mar-13 Mar-16
Houses Units
21. Pain & Gain Report | March Quarter, 2016
About CoreLogic
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data
and analytics company in the world. CoreLogic provides property information, analytics and services across
Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity
and building cost information provider Cordell. With Australia’s most comprehensive property databases, the
company’s combined data offering is derived from public, contributory and proprietary sources and includes over 500
million decision points spanning over three decades of collection, providing detailed coverage of property and other
encumbrances such as tenancy, location, hazard risk and related performance information.
With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics
and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance,
developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics,
workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage
growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia
and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au
Granular Data and Analytics Driving Growth in your Business
CoreLogic produces an advanced suite of housing market analytics that provides key insights for understanding
housing market conditions at a granular geographic level. Granular data is often used for portfolio analysis and
benchmarking, risk assessments and understanding development feasibility and market sizing. It gives industry
professionals valuable modules which provide essential analytics and insights for decision making and strategy
formation within the residential property asset class. We can tailor reports to suit your business requirements.
Call us on 1300 734 318 or email us at ask@corelogic.com.au or visit us at www.corelogic.com.au
Market Scorecard: Monitor and measure performance of an individual office or a Franchise brand month on month
through a detailed view of the Real Estate Listing and Sales market share across Australia. With the ability to gather
market share statistics within your active market this product is designed to identify the competing brands and
independents at a suburb, postcode, user defined territory and State level. Easily locate growth opportunities and
market hotspots allowing you to view the performance of the established offices in these new areas of interest.
Market Trends: Detailed housing market indicators down to the suburb level, with data in time series or snapshot
delivered monthly. CoreLogic’s data is segmented across houses and units. The Market Trends data includes key
housing market metrics such as median prices, median values, transaction volumes, rental statistics, vendor metrics
such as average selling time and vendor discounting rates.
CoreLogic Indices: The suite of CoreLogic Indices range from simple market measurements such as median prices
through to repeat sales indices and our flagship hedonic home value indices. The CoreLogic RP Data Hedonic index
has been specifically designed to track the value of a portfolio of properties over time and is relied upon by
Australian regulators and industry as the most up to date and accurate measurement of housing market
performance.
Economist Pack: A suite of indices and indicators designed specifically for Australian economic commentators who
require the most up to date and detailed view of housing market conditions. The economist pack includes the
CoreLogic Hedonic indices for capital cities and ‘rest of state’ indices, the stratified hedonic index, hedonic total
return index, auction clearance rates and median prices.
Investor Concentration Report: Understanding ownership concentrations is an important part of assessing risk.
Areas with high investor concentrations are typically allocated higher risk ratings due to the over-representation of a
particular segment of the market. Through a series of rules and logic, CoreLogic has flagged the likely ownership
type of every residential property nationally as either owner occupied, investor owned or government owned.
Mortgage Market Trend Report: CoreLogic is in a unique position to monitor mortgage related housing market
activity. Transaction volumes, dwelling values and mortgage related valuation events all comprise our Mortgage
market trend report which provides an invaluable tool for mortgage industry benchmarking and strategy.
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