Where are the worst suburbs to resell a property?

The worst suburbs for reselling houses

For reselling houses, the suburbs that attract the most loss had strong ties to the mining and resource sector in Queensland and Western Australia, with the only exception being the 19th worst reselling suburb for houses, Davoren Park in South Australia, which attracts several reports of criminal activity.

The worst suburbs for reselling houses at a profit are:

The worst suburbs for reselling units

While Queensland and Western Australia dominate the list again, this time two other states are present, Travancore in Victoria coming in second and Belconnen in the Australian Capital Territory coming in 20th.

These suburbs, the report stated, for the most part consist of large volumes of unit supply in addition to the sector’s underperformance.

The worst suburbs for reselling units at a profit are:

The report also found investors were more likely to sell at a loss than owner-occupiers due to future capital gains, an option unavailable to owner-occupiers.

“If home values fall, investors (which have been increasingly active in the housing market) may be more inclined to sell at a loss and offset those losses which in turn could result in much more supply becoming available for purchase at a time in which demand for housing falls because values are declining,” said CoreLogic research analyst Cameron Kusher said.

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