PHOTO: Tara Ebert has managed to secure an inner city property at Kedron as experts see growing opportunities for buyers to negotiate into prime city positions. Picture AAPimage/David Clark. Source: News Limited
MORE experts now believe the coming months will hold the strongest opportunity in years for buyers to negotiate their way into a bargain prime location.
This as fresh data led property analysis firm Corelogic to believe more sellers had become willing to let properties go at a loss, with units seven times as likely to do so than houses.
Around 29.2 per cent of Brisbane units sold in the June quarter were at a loss, the data found, with Brisbane’s share of national lossmaking resales at its highest level in almost four years.
“In a falling market owner occupiers may be more prepared to sell at a loss if they are purchasing their next home at an equivalent or greater discount. Conversely, investors, because of taxation rules, would seemingly be more prepared to incur a loss because they can offset those losses against future capital gains,” the latest CoreLogic Pain & Gain report said.
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