More vendors take a hit, loss-making sales on the rise

[{"selector":"#anim-3ad02815-f14f-4475-99ba-9145b2056d16 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] AS profitably fades, loss-making sales are becoming more prevalent, with vendors in capital cities... Read more

[{"selector":"#anim-25cc3ff7-2756-4c6a-9dbc-f9449188d01c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] “A key question surrounding CoreLogic resales data will be whether more recent buyers are selling at a loss in the current climate... Read more

[{"selector":"#anim-17b3b188-7149-4a33-8f43-dd36fc728116 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] With resales making a nominal gain down from the recent high of 94.2% in the three months to... Read more

[{"selector":"#anim-f7536dd8-58bb-48e2-ac0c-e093850688f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Perth made up 21% of loss-making resales nationally in the quarter, with the median hold period of... Read more

[{"selector":"#anim-4d950bdb-88aa-4b40-a3d4-eb62bd919e64 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] “Markets that have seen a sharper capital growth decline in recent months, such as the house segment, or... Read more

[{"selector":"#anim-7589d4c1-7266-4997-8988-7f954e14cf58 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] “This analysis has not shown any signs of a material increase in distressed sales. While it’s true the recent decline in... Read more

[{"selector":"#anim-fe2c51de-db8f-41d8-abfe-da2954f90f7d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Owen added that the decline in profit making sales was broadly in line with recent home value declines, with... Read more

[{"selector":"#anim-793b5508-f512-4739-814c-f47ee0bf868a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] This also coincided with the capital growth performance of the regions, with the... Read more

[{"selector":"#anim-3f2f7e53-aed2-4c56-873d-bdd0341af538 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] “We expect to see a slight reversal in the strong capital gains made in mining markets over the past... Read more

[{"selector":"#anim-f77505e5-20e3-4621-9463-7b40ae0ee628 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Profitability is likely to see further declines into 2023, with the majority of outstanding fixed loan terms set to... Read more

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