{"id":19960,"date":"2019-07-09T10:00:15","date_gmt":"2019-07-08T22:00:15","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19960"},"modified":"2019-07-09T10:00:15","modified_gmt":"2019-07-08T22:00:15","slug":"number-of-australian-properties-resold-at-a-loss-climbs-to-six-year-high","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/number-of-australian-properties-resold-at-a-loss-climbs-to-six-year-high\/","title":{"rendered":"Number of Australian properties resold at a loss climbs to six-year high"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0FOMO has given way to FONGO (fear of not getting out) in Australia&#8217;s housing market, analysts say ABC News: Liz Pickering<\/strong><\/p>\n<p class=\"first\">Twelve per cent of Australian properties were resold at a loss \u2014 compared to what the sellers had paid for them \u2014 in the first three months of 2019.<\/p>\n<p>It was the highest level of loss-making sales in six years and another sign of\u00a0<a title=\"\" href=\"https:\/\/www.abc.net.au\/news\/2019-07-01\/home-prices-still-falling-but-not-in-sydney-and-melbourne\/11266364\" target=\"_self\">weaker property market conditions<\/a>, according to the latest &#8220;Pain and Gain&#8221; report by property analysts CoreLogic.<\/p>\n<p>This was also a marked increase from 10.5 per cent (in the December 2018 quarter), and 9 per cent (in the March 2018 quarter).<\/p>\n<p>&#8220;Australia had a total of $486.8 million in realised gross losses from resales over the March quarter, with highest share of losses nationally seen in Perth (24.8pc) and Sydney (19.9pc),&#8221; CoreLogic analyst Camer Kusher wrote in his report.<\/p>\n<p>On the flipside, $14.3 billion was the total gross profit earned by owners reselling their properties across the nation.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2019-07-08\/corelogic-property-pain-and-gain\/11287638\">ABC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0FOMO has given way to FONGO (fear of not<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/number-of-australian-properties-resold-at-a-loss-climbs-to-six-year-high\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":19961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478100678,478098521,478098892,478099796,478106160,478106159,478104091,478098519,478098535,478099030,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509],"class_list":["entry","author-wpcomsupport","post-19960","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australian-properties","tag-australians","tag-corelogic","tag-corelogic-pain-and-gain-report","tag-fear-of-not-getting-out","tag-fomo","tag-fongo","tag-home-ownership","tag-house-prices","tag-housing-market","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Number of Australian properties resold at a loss climbs to six-year high - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/number-of-australian-properties-resold-at-a-loss-climbs-to-six-year-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Number of Australian properties resold at a loss climbs to six-year high - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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