P&G Greater Brisbane resales at a profit valued at $1.35 billion: CoreLogic
Based on resales across Greater Brisbane over the second quarter of 2019, the total value of resales at a profit was $1.341 billion, according to the latest Pain & Gain report from CoreLogic.
The total value of resales at a loss was recorded at $37.7 million.
CoreLogic found Brisbane generated 8.2% of the total value of resale profits nationally over the quarter and 5.2% of the losses.
The Brisbane council regions with the lowest proportion of resales at a loss were Redland, Lockyer Valley and Moreton Bay while the highest proportion of resale losses occurred in Scenic Rim, Somerset and Brisbane.
The large divergence between houses and units for loss making sales is likely attributable to higher supply levels across key areas of the inner city and the subsequent falling unit values.
