Throughout the second quarter of 2019, the total value of resales for a profit in Sydney was $4.404 billion and the total value of resales at a loss was $178.7 million.
Based on this data, Sydney accounted for 24.6% of all resales at a profit nationally over the quarter and 27.0% of the total value of resale losses.
The council areas with the lowest share of resales at a loss over the quarter were Randwick, The Hills Shire and Hawkesbury while the greatest share of loss were recorded in Strathfield, Botany Bay and Strathfield.
With dwelling values in Sydney starting to rise over recent months we are likely to see the share of resales at a loss fall over the coming quarters.
| Gross loss-making sales, Jun-19 qtr | Gross profit-making sales, Jun-19 qtr | |||||||
| Region | % of all sales | Median hold period | Median loss | Total value of loss | % of all sales | Median hold period | Median profit | Total value of profit |
| Blacktown | 8.3% | 3.2 | -$42,500 | -$5,412,207 | 91.7% | 9.6 | $317,098 | $211,836,394 |
| Blue Mountains | 6.4% | 1.9 | -$66,000 | -$2,787,664 | 93.6% | 9.1 | $258,500 | $66,680,512 |
| Botany Bay | 21.4% | 3.5 | -$61,500 | -$1,826,895 | 78.6% | 9.6 | $327,000 | $33,508,400 |
| Burwood | 16.3% | 4.2 | -$14,250 | -$984,300 | 83.7% | 11.2 | $365,000 | $19,544,189 |
| Camden | 11.7% | 2.2 | -$50,000 | -$3,250,272 | 88.3% | 5.7 | $327,950 | $90,263,148 |
| Campbelltown | 11.5% | 2.8 | -$61,500 | -$3,346,388 | 88.5% | 11.7 | $243,500 | $75,222,086 |
| Canada Bay | 8.7% | 2.4 | -$132,000 | -$4,497,525 | 91.3% | 8.8 | $341,000 | $110,092,829 |
| Canterbury-Bankstown | 16.1% | 3.2 | -$55,000 | -$8,962,250 | 83.9% | 11.3 | $293,000 | $165,417,987 |
| Central Coast | 10.1% | 2.6 | -$57,500 | -$10,772,943 | 89.9% | 8.9 | $232,000 | $262,720,316 |
| Cumberland | 13.5% | 3.7 | -$101,250 | -$7,289,922 | 86.5% | 9.6 | $245,000 | $87,491,583 |
| Fairfield | 20.1% | 3.8 | -$61,000 | -$4,912,783 | 79.9% | 10.2 | $305,000 | $63,652,388 |
| Georges River | 11.7% | 3.2 | -$119,500 | -$3,543,000 | 88.3% | 10.9 | $286,000 | $87,653,510 |
| Hawkesbury | 5.5% | 2.9 | -$48,778 | -$1,037,278 | 94.5% | 10.1 | $319,000 | $70,515,289 |
| Hornsby | 11.5% | 3.8 | -$58,000 | -$6,685,280 | 88.5% | 10.8 | $455,000 | $130,203,014 |
| Hunters Hill | 7.7% | 1.3 | -$45,000 | -$45,000 | 92.3% | 8.6 | $565,000 | $9,640,000 |
| Inner West | 11.0% | 3.2 | -$140,000 | -$15,110,850 | 89.0% | 9.5 | $419,500 | $232,562,082 |
| Ku-ring-gai | 8.6% | 2.4 | -$170,000 | -$7,271,500 | 91.4% | 8.7 | $690,000 | $203,863,181 |
| Lane Cove | 12.1% | 2.0 | -$150,000 | -$2,411,000 | 87.9% | 6.3 | $205,500 | $41,316,630 |
| Liverpool | 12.5% | 3.6 | -$46,000 | -$3,227,300 | 87.5% | 9.6 | $295,000 | $102,522,633 |
| Mosman | 6.3% | 2.4 | -$457,500 | -$2,270,000 | 93.8% | 9.9 | $642,500 | $47,317,600 |
| North Sydney | 11.4% | 3.0 | -$61,500 | -$2,947,800 | 88.6% | 10.0 | $380,250 | $123,015,391 |
| Northern Beaches | 7.7% | 2.6 | -$125,000 | -$12,966,800 | 92.3% | 9.0 | $480,000 | $446,891,885 |
| Parramatta | 15.9% | 3.8 | -$69,000 | -$8,770,600 | 84.1% | 9.4 | $239,500 | $142,856,906 |
| Penrith | 10.2% | 3.5 | -$45,000 | -$3,401,415 | 89.8% | 9.9 | $278,250 | $150,440,816 |
| Randwick | 6.1% | 2.4 | -$61,500 | -$1,356,500 | 93.9% | 9.9 | $497,250 | $160,394,199 |
| Rockdale | 10.2% | 2.8 | -$88,500 | -$4,294,150 | 89.8% | 9.4 | $257,500 | $58,276,015 |
| Ryde | 16.8% | 3.5 | -$81,000 | -$6,620,188 | 83.2% | 9.0 | $310,000 | $115,526,946 |
| Strathfield | 22.8% | 3.7 | -$76,000 | -$4,561,000 | 77.2% | 7.6 | $176,000 | $23,768,500 |
| Sutherland Shire | 12.4% | 3.4 | -$87,049 | -$13,920,698 | 87.6% | 9.8 | $328,500 | $220,489,551 |
| Sydney | 12.3% | 2.8 | -$104,900 | -$12,847,059 | 87.7% | 8.9 | $304,000 | $231,364,915 |
| The Hills Shire | 5.9% | 2.6 | -$130,000 | -$3,838,667 | 94.1% | 9.0 | $508,000 | $207,078,714 |
| Waverley | 6.7% | 2.5 | -$121,750 | -$2,233,500 | 93.3% | 9.6 | $576,000 | $131,780,876 |
| Willoughby | 6.3% | 2.2 | -$147,500 | -$2,765,500 | 93.7% | 9.9 | $585,000 | $142,908,225 |
| Wollondilly | 6.9% | 2.1 | -$100,000 | -$1,218,730 | 93.1% | 7.7 | $280,000 | $34,929,600 |
| Woollahra | 6.2% | 2.6 | -$100,000 | -$1,295,000 | 93.8% | 9.9 | $677,500 | $101,179,138 |
from Property UpdateProperty Update https://propertyupdate.com.au/corelogic-pain-and-gain-report-sydney-october-2019/
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