This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Tuesday, October 14, 2014
Pain Report - Capital Losses
From RP Data:
The RP Data Pain & Gain report is a quarterly assessment of realised gross profit and loss based on dwelling re-sales over the June quarter of 2014.
9% recorded a gross loss from the original purchase price.
Gross value of the losses associated with these loss making re-sales totalled $398.3 million
91% of all June 2014 quarter re-sales recorded a gross profit relative to their original purchase price. The gross profit from these re-sales equated to $14.4 billion.
9% of all homes that resold over the second quarter of 2014 recorded a gross loss compared with original purchase price - down from 9.7% at the end of the first quarter of 2014 and much lower than the 11.5% recorded over the June 2013 quarter.
The gross value of losses on homes re-sold over the quarter was recorded at $398.3 million
The average gross loss per loss making transaction was $63,097.
91% of all re-sales over the June quarter of 2013 transacted at a gross profit, with 30.5% of all re-sales at least doubling their money compared with their original purchase price.
Gross profit on resales was $14.4 billion
Average gross profit per profit making transaction was $225,830.