Jobs Growth
The majority (90.9%) of properties resold over the June quarter made a profit while 9.1% of re-sales experienced a loss, says CoreLogic RP Data research analyst Cameron Kusher.

The proportion of loss-making resales was generally higher in regional areas than in capital cities.

“Housing markets linked to the resources sector are generally seeing an increase in loss-making resales after housing market conditions in many of these locations have posted a sharp correction,” said Kusher.

Of the properties that resold at a profit, 30.8% resold for double their previous purchase price.