Quarterly Pain & Gain Report

Released June 2015, the Pain & Gain Report is a quarterly analysis of homes which were resold over the quarter.

About the report

The Pain and Gain Report is a quarterly analysis of homes which were resold over the quarter. It compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss. It provides a proxy for the performance of each housing market and highlights the magnitude of profit or loss the typical seller of a home makes across those regions analysed.


  • Over the March 2015 quarter, 9.1% of all homes resold recorded a gross loss when compared to their previous purchase price. This figure was slightly higher than the 8.6% recorded at the end of 2014 but lower than the 9.6% over the same quarter last year.
  • Although the proportion of loss-making resales rose, the figure has been fairly steady over the past 12 months. The total value of the loss-making resales over the quarter was $417 million with an average loss of $69,468.
  • While 9.1% of resales were transacted at a loss, the vast majority (90.9%) of properties resold over the quarter did so at a profit. In fact, 30.7% of homes resold for more than double their previous purchase price.
  • Across those homes which sold at a profit, the total value of this profit was recorded at $13.8 billion with the average gross profit recorded at $230,633.
  • The data also highlights the fact that ownership of property, whether for investment or owner occupier purposes should be seen as a long-term investment.
  • Across the country, those homes that resold at a loss had an average length of ownership of 6.0 years. Across all sales recording a gross profit the average length of ownership was recorded at 10.0 years, while homes which sold for more than double their previous purchase price were owned for an average of 16.8 years.
  • Capital city housing markets continue to record a lower proportion of loss-making resales than regional areas of the country.
  • Regional areas trends are shifting with the proportion of loss-making resales falling in areas linked to tourism and lifestyle.
  • Housing markets linked to the resources sector are generally seeing an increase in loss-making resales as housing market conditions continue to deteriorate.

Proportion of total resales at a loss/gain, houses vs. units, March 2015 quarter

Table available on page 6 of the report

To read the CoreLogic RP Data Pain & Gain Report click on the Download Report button at the top left of the page.

To read the previous quarter's Pain & Gain report - click here.

About CoreLogic

CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 4.4 billion decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.

With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au.

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