More than 10 per cent of apartments transacted in the ACT in the first three months of the year sold for less than they were bought for, according to Cotality's latest Pain and Gain report. In the house market, that number is just 2.4 per cent.
However upsizing apartment owners could be saving money despite new data suggesting many are still selling at a loss, one real estate agent has said.
Jason Anasson from Goodhaus Property said many home owners who bought apartments during the COVID-19 property boom were now struggling to sell them at a profit, but that a weakened market could be of benefit if they were selling to buy a bigger family home.
