Australia: One in five Canberra apartments sold for a loss in the March quarter: report

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One in five Canberra apartments sold at a loss in the March quarter, suggesting the city’s soft unit market is still in recovery mode.

CoreLogic’s latest Pain and Gain report for the quarter, which was published on Wednesday, showed that 9.2 per cent of Australian homes recorded a gross loss when compared to their previous purchase price.

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Source : Australia: One in five Canberra apartments sold for a loss in the March quarter: report

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