Thursday, December 22, 2022

53.4% Perth City Council properties sold at loss - Sept 22 Quarter

As the interest rates continue to go up, there has been an increase in the number of properties sold at a loss around Australia, especially those areas where there are many apartments which accounted for much of the sales at a loss. This was particularly the case in the Perth City Council area where 53.4% of properties that sold in the September quarter sold at a loss. Melbourne City Council saw 40% of properties selling at a loss, Adelaide 19% and Brisbane 7%. You can read more about this in the Sydney Morning Herald article here

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