The bubble has jumped! Experts reveal that one in ten homeowners in Sydney are selling at a loss – the highest share since 2009
- Strathfield, Botany Bay and Fairfield were all named as the most affected areas
- On the north coast in Mosman, homeowners lost as much as $ 457,000
- Experts reveal that homeowners who sell now & # 39; have difficulty & # 39; to make a profit
Experts have revealed that one in ten homeowners in Sydney sold their property at a significant loss in June, July and August.
In Strathfield, located in the inner west of Sydney, no less than 22.8 percent of the homes were sold with an average loss of $ 76,000.
Homeowners in Botany Bay also appeared to have left a median total of $ 61,500 (stock)
Botany Bay homeowners also appeared to have left an average of $ 61,500 in the June quarter.
The damage was slightly less in western Fairfield, but one in five homes was sold with a loss of $ 61,000.
Tim Lawless from CoreLogic confirmed that these figures are the highest losses on property prices since the global financial crisis in 2009.
& # 39; I think many of those property owners will be tempted to hold on a little longer to recoup some of that loss we've seen in the last two years, & # 39; he said to Nine.
& # 39; We are already starting to see that some of those losses are being recovered in recent months.
& # 39; The values in Sydney are almost four percent higher. & # 39;
CoreLogic & # 39; s Tim Lawless confirmed that these figures have been the highest in property price losses since the global financial crises in 2009 (inventory)
Real estate agent Steve Devine agreed that homeowners who are now selling are struggling with # 39; to make a profit.
On the north coast, the loss was much greater, while the average loss for homes in Mosman was as much as $ 457,000.
In total, 8.9 percent of Sydney homes were sold at a loss in the June quarter, and 14 percent of the units.
. (TagsToTranslate) Dailymail (t) news