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Home sale losses declining

By Staff Reporter
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Fewer homes are selling at a loss nationwide, according to research by RP Data.

Based on all dwelling sales over the December quarter 2012, the research showed that 12.5 per cent of all properties sold for less than their initial purchase price.

Meanwhile, 32.1 per cent of homes were found to have sold for more than double their original purchase price.

While the number of homes selling at a loss has eased over recent months, the trends still remain at an elevated level on an historic basis.

Across individual capital city housing markets, the proportion of homes sold at a loss over the December quarter 2012 ranges from 5.3 per cent of homes in Canberra and Darwin to 18.9 per cent in Brisbane.

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