Neighbourhoods where property owners are most likely to sell at a loss

Close to one in five properties in apartment-heavy neighbourhoods such as Ryde and Strathfield in Sydney and the Melbourne CBD and Stonnington are selling at a loss, new figures show.

Nervous investors and first home buyers have been turning away from cookie-cutter high-rise towers and choosing boutique unit blocks where possible, mindful of the high-profile cracking Opal Tower and the desire for open space through the pandemic.

A wave of new apartment supply in these areas in recent years is leaving some sellers with little choice but to accept less than what they paid.

Read More: https://www.smh.com.au/property/news/neighbourhoods-where-property-owners-are-most-likely-to-sell-at-a-loss-20221003-p5bmrj.html