Property sales less profitable nationally but has anybody told Victoria?
Inflation is easing just as property sales around the country are becoming less profitable but one state stands out when it comes to attracting buyer interest.
Suburbs on the Mornington Peninsula, Victoria, are among the most popular among potential buyers throughout the country. (Image source: Shutterstock.com)
When it comes to the proportion of property sales making a loss Western Australia is hurting more than other states, while buyers seem transfixed on the Victorian property market.
For the third consecutive quarter the rate of profit-making resales around the country has dropped, although this week’s fall in inflation may offer hope of a turnaround down the track.
While there’s no sign in the market yet of panic selling, indications are emerging…
