Unit owners particularly vulnerable as profitable national housing sales sank to 92.3% in the three months to March 2023, according to CoreLogic data
Get our morning and afternoon news emails, free app or daily news podcast
Properties sold at a loss increased in the March quarter with almost one in six units offloaded for less than the owner paid, data group CoreLogic said.
As owners eyed the rising cost of servicing their debts, the national proportion of resales with a nominal profit sank to 92.3% in the January-March period, down from 93.2% in the preceding three months and marking the third quarter in a row of declines.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
About Author
More Stories
At least five killed by Israeli fire near Gaza food point, officials say
Tropical storm Barbara off south-west Mexico coast could become hurricane
Russian forces closing in on Sumy city three years after Ukraine forced them out of region