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Property Flipping ReportPrepared by CoreLogic December 2017

http://www.corelogic.com.au

2 | CoreLogic Property Flipping Report December 2017

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CoreLogic Property Flipping Report December 2017 | 3


Introduction‘Flipping’ is a term used to describe short term property trading; a buyer purchases a home with the intent of reselling the property in a short time frame (generally one or two years) for a profit. ‘Flippers’ aim to make their profit either by buying undervalued property and reselling at a higher price, buying property at market value and riding the capital growth curve, or by adding value to the property in some way (renovation, subdivision, development approval etc).

While there are many examples of profitable flipping, it’s important anyone considering this strategy understands the costs involved.

Transacting real estate is an expensive exercise. Successfully flipping a home involves more than simply selling the property for more than it was purchased for. In order to make a profit, Flippers will need to recoup their transactional costs such as stamp duty and conveyancing, as their selling costs such as marketing and real estate agent commission. There is likely to also be interest payments on the debt as well as capital gains tax on the profit.

When housing markets are running hot, it makes sense that flipping would become more popular while when a market is weaker, owners are likely to have to hold onto properties for longer in order to return a profit.




NationalOver the 12 months to June 2017, 3,861 dwellings were sold after having been held for less than a year nationally with a further 16,749 resold after being owned for between one and two years. These figures represented 1.3% and 5.7% of all resold property sales over the year. Flipping remains a small proportion of the overall housing market however, flips between one and two years have been trending higher over recent times. In its heyday in the early 2000s, 4.4% of all properties were flipped in less than 12 months and 16% were flipped between 12 and 24 months from previous purchase.

What is surprising is that the introduction of the capital gains tax discount for investors that held properties for more than 12 months in 1999, made little difference to flipping behaviour. In fact, the incidence of flipping didn’t rise substantially until the national housing market boomed between 2001 and 2004.

Focusing solely on those properties which are flipped, the data shows that most of these properties are selling for a gross profit. Over the 12 months to June 2017, 10.9% of flips held for less than 12 months were at a loss and 10.1% of flips held for between 12 and 24 months resold for a loss.

Although the proportion of flips at a loss has declined from recent highs in 2009 and again in 2012, there has been a clear increase in loss-making flips recently. The rising number of loss making flips highlights there is some financial risk in flipping, keeping in mind that the proportion of loss making flips on a net basis is likely to be substantially higher once expenses are taken into account.

Across the major regions of the country, flipping was more prevalent in Sydney, Melbourne and Regional QLD. The propensity to flip in Sydney and Melbourne is likely due to the strong run-up in values over recent years whereas regional QLD is probably seeing greater propensity to flip as people struggle to meet mortgage repayments as unemployment has risen and dwelling values have fallen.

Vendors in Perth, Hobart, Darwin, regional QLD, regional SA, regional WA, regional TAS and regional NT were the most likely to flip their properties for a loss. In most of these regions value growth has been sluggish for a number of years which makes flipping for a profit much more difficult.

Percentage of homes flipped < 12 mths

2017

4.4% 16.0%1.3% 5.7%2000s

Percentage of homes flipped between 12 - 24 mths

20172000s




Regions

Percentage of sales that were flips Percentage of flips at a profit

< 1 Year 1 - 2 Years < 1 Year 1 - 2 Years

Sydney 1.5% 6.8% 92.8% 94.3%

Regional NSW 1.5% 6.0% 92.6% 94.5%

Melbourne 1.3% 6.4% 92.6% 93.7%

Regional VIC 1.1% 4.7% 88.6% 89.4%

Brisbane 1.1% 5.4% 88.7% 90.0%

Regional QLD 1.6% 6.6% 85.6% 88.3%

Adelaide 1.1% 4.2% 89.7% 88.8%

Regional SA 1.1% 3.9% 81.8% 79.3%

Perth 0.8% 3.2% 69.9% 52.3%

Regional WA 0.8% 3.1% 80.5% 77.1%

Hobart 1.3% 5.3% 82.6% 93.2%

Regional TAS 1.2% 5.3% 85.2% 79.2%

Darwin 1.9% 4.1% 64.7% 29.7%

Regional NT 0.6% 4.7% 50.0% 60.0%

Canberra 1.0% 4.0% 88.1% 93.2%

National 1.3% 5.7% 89.1% 89.9%

Combined Capitals 1.2% 5.7% 89.7% 90.0%

Combined Regional 1.4% 5.8% 89.1% 89.9%

Flipping Characteristics by State, 12 months to June 2017




Capital Cities vs RegionsAcross the combined capital city housing markets over the 12 months to June 2017, 1.4% of all resales were flipped in less than 12 months while 5.7% of all sales were of properties held for between one and two years. The instances of flipping properties in less than 12 months has been fairly steady over recent years while the instances of reselling after between one and two years is increasing. The combined regional housing markets recorded 1.4% of properties being resold in less than 12 months while 5.8% were resold after between one and two years. Much like what is occurring in the capital cities, the proportion of flips between one and two years has been increasing while flipping after less than 12 months has been relatively unchanged.

Over the past year, 9.7% of combined capital city flips in less than 12 months and 10.4% of combined regional market flips held for less than 12 months resold at a loss. 9.9% of capital city dwellings resold after between one and two years resold at a loss compared to 10.0% of properties across the regional markets. The data highlights that even though areas of the country have seen values fall or moderate growth, most people who buy and resell properties after just a short period of ownership have sold for in excess of the previous purchase price.




2.2%2007

2.7%1997

Percentage of annual resales that were flips

Combined Capital Cities Combined Regional Markets

1.2%2017

9.2%2007

9.2%1997

5.7%2017

2.9%2007

3.1%1997

1.4%2017

11.9%200710.6%

1997

5.8%2017

10.6%2007

22.0%1997

Percentage of total flips at a loss

Combined Capital Cities Combined Regional Markets

10.3%2017

11.8%2007

27.3%1997

10.0%2017

7.4%2007

24.1%1997

11.7%2017

8.3%2007

29.1%1997

10.4%2017

< 1 year 1 - 2 years

3.4%2002

1.0%2012

11.3%2002

5.1%2012

3.2%2002

1.2%2012

10.7%2002

5.3%2012

6.0%2002

27.8%2012

8.3%2002

27.3%2012

7.0%2002

29.4%2012

4.6%2002

32.1%2012




New South WalesThe New South Wales housing market has been the nation’s strongest over recent years fuelled by very strong value growth conditions in Sydney. Although values have been rising there has not been a substantial increase in flipping behaviour, certainly not like the rise which was witnessed during the early 2000s housing boom. When vendors do flip properties they are in most instances flipping these properties for a profit which is reflective of the strong value growth which has been occurring.

1.1%2007

2.6%1997


Sydney Regional NSW

1.5%2017

5.1%2007

8.7%1997

6.8%2017

1.6%2007

3.5%1997

1.5%2017

7.1%2007

11.2%1997

6.0%2017

27.8%2007

15.5%1997


Sydney Regional NSW

7.2%2017

37.6%2007

18.4%1997

5.7%2017

13.4%2007

19.8%1997

7.4%2017

18.3%2007

26.7%1997

5.5%2017


2.8%2002

1.1%2012

10.9%2002

5.1%2012

2.6%2002

1.0%2012

10.6%2002

4.7%2012

5.3%2002

17.0%2012

4.5%2002

17.2%2012

6.7%2002

23.4%2012

5.5%2002

20.6%2012




Percentage of Annual Resales that were Flips,

NSW SA4 Regions

Percentage of Total Annual Flips at a loss,

NSW SA4 Regions

SA4 Regions

2016 2017 2016 2017

< 1 Yr 1-2 Yrs < 1 Yr 1-2 Yrs < 1 Yr 1-2 Yrs < 1 Yr 1-2 Yrs

Capital Region 1.4% 4.4% 1.6% 5.5% 11.3% 8.5% 9.2% 5.1%

Central Coast 1.5% 7.4% 1.5% 7.5% 4.2% 3.6% 3.4% 2.0%

Central West 0.9% 4.9% 1.2% 5.3% 8.3% 9.0% 5.9% 8.4%

Coffs Harbour - Grafton 1.2% 4.4% 1.5% 5.9% 7.1% 5.0% 8.8% 6.8%

Far West & Orana 0.7% 4.1% 1.1% 4.1% 0.0% 11.6% 25.0% 4.3%

Hunter Valley ex Newcastle 1.1% 4.5% 1.0% 5.3% 18.6% 13.5% 14.0% 3.6%

Illawarra 1.7% 7.0% 2.4% 8.7% 7.4% 2.5% 2.4% 1.9%

Mid North Coast 1.3% 6.1% 1.4% 6.2% 7.5% 4.1% 1.8% 6.5%

Murray 1.4% 5.6% 1.6% 5.1% 22.7% 5.6% 11.5% 12.3%

New England & North West 1.0% 4.4% 0.7% 4.5% 10.5% 8.2% 20.0% 19.6%

Newcastle & Lake Macquarie 1.5% 5.9% 1.4% 6.3% 2.4% 5.2% 6.8% 3.2%

Richmond - Tweed 1.2% 5.4% 1.7% 6.0% 7.5% 6.4% 8.2% 6.3%

Riverina 0.7% 3.8% 1.1% 4.3% 7.1% 8.3% 14.3% 12.3%

Southern Highlands & Shoalhaven 1.4% 6.9% 1.7% 8.0% 0.0% 2.0% 0.0% 0.9%

Sydney - Baulkham Hills & Hawkesbury 1.4% 5.2% 1.0% 6.1% 2.9% 4.6% 4.2% 6.9%

Sydney - Blacktown 1.2% 6.7% 1.1% 6.2% 13.3% 1.6% 7.7% 4.2%

Sydney - City & Inner South 1.7% 6.6% 1.1% 5.5% 2.5% 4.2% 7.5% 7.0%

Sydney - Eastern Suburbs 2.1% 6.4% 2.0% 6.2% 2.9% 5.1% 1.6% 3.8%

Sydney - Inner South West 2.1% 6.9% 1.5% 7.6% 12.7% 5.1% 14.5% 7.9%

Sydney - Inner West 1.5% 6.9% 1.3% 6.2% 1.8% 2.3% 14.0% 4.4%

Sydney - North Sydney & Hornsby 1.3% 6.5% 1.3% 6.6% 5.3% 4.2% 7.0% 6.1%

Sydney - Northern Beaches 1.2% 6.0% 1.3% 6.4% 2.5% 0.5% 5.1% 2.5%

Sydney - Outer South West 2.0% 8.8% 1.5% 8.3% 6.8% 3.4% 4.2% 7.3%

Sydney - Outer West & Blue Mountains 1.4% 6.6% 1.8% 7.6% 4.7% 1.3% 11.4% 4.6%

Sydney - Parramatta 1.4% 7.9% 1.7% 7.2% 8.2% 4.5% 8.5% 8.1%

Sydney - Ryde 1.4% 6.6% 1.5% 6.3% 18.5% 3.2% 3.4% 9.2%

Sydney - South West 2.2% 8.2% 2.2% 7.8% 7.1% 4.2% 7.2% 9.5%

Sydney - Sutherland 1.2% 5.2% 1.1% 4.9% 5.6% 3.9% 3.1% 2.9%

New South Wales




VictoriaVictoria’s housing market has seen quite strong growth in dwelling values over recent years however, until recently the growth has largely been limited to Greater Melbourne. Recently in Melbourne there has been a lift in flipping behaviour across properties held for one to two years. Despite the recent increase, flipping behaviour remains substantially lower than during the early 2000s. In Melbourne, the proportion of flips that have occurred resale losses has reduced over recent years while in regional Vic more than 10% of flips are currently reselling at a price below the purchase price.

1.8%2007

2.4%1997


Melbourne Regional VIC

1.3%2017

7.4%20077.3%

19976.4%2017

1.9%2007

1.9%1997

1.1%2017

8.3%2007

7.7%1997

4.7%2017

15.9%2007

22.8%1997


Melbourne Regional VIC

7.4%2017

15.9%2007

27.4%1997

6.3%2017

18.4%2007

32.6%1997

11.4%2017

16.6%2007

35.1%1997

10.6%2017


3.5%2002

1.3%2012

10.7%2002

5.8%2012 3.0%

2002

1.4%2012

11.0%2002

6.4%2012

7.1%2002

31.8%2012

4.7%2002

37.5%2012

6.8%2002

17.8%2012

4.0%2002

18.3%2012





VIC SA4 Regions


VIC SA4 Regions

SA4 Regions

2016 2017 2016 2017


Ballarat 1.5% 5.4% 1.2% 6.1% 7.7% 14.1% 13.0% 11.3%

Bendigo 1.3% 4.7% 1.0% 4.5% 11.8% 21.9% 20.0% 22.7%

Geelong 0.9% 4.4% 1.1% 4.5% 12.1% 14.2% 6.7% 5.7%

Hume 0.9% 5.2% 1.6% 5.4% 18.8% 13.6% 14.3% 10.5%

Latrobe - Gippsland 1.1% 4.9% 1.0% 4.1% 10.8% 16.5% 15.4% 7.2%

Melboure - Inner 0.9% 3.6% 0.9% 4.4% 14.9% 16.8% 22.9% 17.5%

Melbourne - Inner East 1.7% 5.9% 1.3% 6.9% 4.9% 7.3% 9.1% 10.3%

Melbourne - Inner South 1.3% 5.6% 0.6% 5.4% 8.1% 9.1% 9.1% 9.6%

Melbourne - North East 1.1% 4.8% 1.4% 6.4% 7.5% 12.5% 4.8% 6.5%

Melbourne - North West 1.8% 7.0% 1.3% 7.6% 18.5% 11.5% 5.9% 3.5%

Melbourne - Outer East 1.3% 5.1% 1.1% 6.0% 4.8% 4.0% 7.6% 5.2%

Melbourne - South East 1.7% 6.7% 1.7% 7.8% 3.8% 5.2% 6.0% 3.7%

Melbourne - West 1.8% 6.7% 1.9% 7.3% 11.0% 6.4% 4.7% 3.6%

Mornington Penninsula 1.6% 5.1% 1.8% 6.9% 12.2% 6.0% 3.0% 1.8%

North West 1.2% 6.2% 1.4% 5.1% 10.0% 10.9% 0.0% 13.4%

Shepparton 0.3% 4.3% 1.2% 4.5% 0.0% 11.8% 20.0% 15.8%

Warranambool & South West 0.7% 3.4% 0.5% 3.8% 12.5% 13.2% 0.0% 10.9%

Victoria




QueenslandQueensland has recorded only moderate value growth over recent years with values generally increasing in the south-east corner of the state while they have generally fallen elsewhere. Across the state there are currently few flips occurring however, the instance of flipping is slightly greater outside of Brisbane. When properties are flipped more than 10% of those flips in Brisbane and regional QLD are reselling at a price lower than the previous purchase price.

2.7%2007

2.7%1997


Brisbane Regional QLD

1.1%2017

11.2%2007

8.0%1997

5.4%2017

3.7%2007

3.0%1997

1.6%2017

15.1%2007

9.8%1997

6.6%2017

4.8%2007

28.2%1997


Brisbane Regional QLD

11.3%2017

4.6%2007

32.4%1997

10.0%2017

4.8%2007

27.9%1997

14.4%2017

4.8%2007

33.0%1997

11.7%2017


4.1%2002

0.9%2012

11.1%2002

4.3%2012 4.2%

2002

1.2%2012

10.7%2002

5.5%2012

5.4%2002

36.8%2012

4.5%2002

53.2%2012

8.2%2002

35.2%2012

8.2%2002

44.4%2012





QLD SA4 Regions


QLD SA4 Regions

SA4 Regions

2016 2017 2016 2017


Brisbane - East 1.1% 5.1% 1.5% 5.5% 10.0% 10.4% 13.2% 9.2%

Brisbane - North 1.1% 4.7% 0.9% 5.4% 5.6% 4.6% 13.8% 7.6%

Brisbane - South 1.0% 6.1% 1.0% 4.9% 6.0% 4.8% 8.9% 11.0%

Brisbane - West 1.0% 4.1% 1.0% 4.7% 7.1% 8.9% 11.1% 7.5%

Brisbane Inner City 1.2% 5.7% 0.8% 5.2% 6.7% 12.2% 7.9% 26.7%

Cairns 1.1% 6.1% 1.2% 6.0% 9.5% 16.0% 24.4% 19.2%

Darling Downs - Maranoa 0.8% 4.9% 0.9% 4.5% 25.0% 10.6% 44.4% 23.9%

Fitzroy 1.0% 3.4% 1.0% 3.2% 31.3% 45.5% 38.9% 41.1%

Gold Coast 1.7% 6.6% 2.2% 7.9% 10.0% 4.7% 10.0% 5.2%

Ipswich 1.3% 4.8% 1.3% 5.6% 4.0% 13.4% 7.3% 8.2%

Logan - Beaudesert 1.0% 4.3% 1.0% 5.2% 5.7% 6.5% 19.6% 5.7%

Mackay 0.3% 2.5% 1.2% 3.2% 0.0% 57.7% 31.3% 41.5%

Moreton Bay - North 1.5% 6.6% 1.6% 6.6% 18.2% 8.4% 8.3% 4.4%

Moreton Bay - South 1.4% 6.4% 1.1% 5.3% 10.8% 4.8% 14.3% 6.7%

Queensland - Outback 0.4% 3.1% 0.0% 2.8% 100.0% 12.5% N/A 28.6%

Sunshine Coast 1.2% 7.1% 1.3% 7.2% 14.0% 7.0% 12.4% 5.4%

Toowoomba 1.6% 4.7% 1.2% 5.1% 22.2% 14.8% 15.4% 19.8%

Townsville 1.0% 4.7% 0.9% 4.1% 36.4% 42.9% 26.3% 48.8%

Wide Bay 0.9% 6.0% 1.5% 6.2% 30.3% 21.4% 14.3% 21.4%

Queensland




South AustraliaValues have increased at a moderate pace over recent years in Greater Adelaide while values have been virtually stagnant or have fallen outside of the capital city. There has been an ongoing decline in flipping behaviour over recent years across Adelaide and Regional SA. Of those properties that are flipped, relatively few are flipping at a loss in Adelaide however, around 20% of all flips in regional SA are at a loss.

2.5%2007

4.3%1997


Adelaide Regional SA

1.1%2017

10.6%2007

22.6%1997

4.2%2017

2.4%2007

5.0%1997

1.1%2017

10.9%2007

23.9%1997

3.9%2017

8.9%2007

29.3%1997


Adelaide Regional SA

10.3%2017

8.8%2007

42.5%1997

11.2%2017

8.1%2007

27.1%1997

18.2%2017

8.3%2007

23.4%1997

20.7%2017


4.1%2002

1.0%2012

15.6%2002

5.0%2012

3.2%2002

1.3%2012

14.4%2002

4.7%2012

4.3%2002

41.3%2012

3.3%2002

41.6%2012

10.7%2002

34.3%2012

5.7%2002

30.9%2012





SA SA4 Regions


SA SA4 Regions

SA4 Regions

2016 2017 2016 2017


Adelaide - Central & Hills 1.1% 3.8% 0.9% 4.4% 5.7% 12.5% 0.0% 9.6%

Adelaide - North 1.0% 4.3% 1.3% 4.2% 13.0% 11.1% 8.0% 14.7%

Adelaide - South 1.0% 4.4% 1.3% 4.2% 16.2% 14.4% 14.3% 8.6%

Adelaide - West 1.0% 3.8% 0.9% 5.0% 13.6% 12.2% 21.1% 12.3%

Barossa - Yorke - Mid North 1.0% 5.1% 1.2% 3.1% 11.1% 20.0% 36.4% 27.6%

South Australia - Outback 0.8% 2.9% 1.6% 2.9% 33.3% 27.3% 0.0% 45.5%

South Australia - South East 0.7% 4.1% 0.9% 4.5% 8.3% 20.3% 12.5% 14.8%

South Australia




Western AustraliaWestern Australia has been seeing values fall across the state over recent years with values around 10% lower than their peak in Perth and regions linked to the resources sectors having recorded much greater value declines. As the market has weakened there has been fewer vendors flipping properties which makes sense given that value have been declining. Those vendors that have attempted to flip properties over recent years have seen a comparatively high proportion of these properties reselling for less than their previous purchase price.

3.9%2007

3.0%1997


Perth Regional WA

0.8%2017

16.4%2007

12.5%1997

3.2%2017

4.7%20074.0%

1997

0.8%2017

20.2%2007

15.5%1997

3.1%2017

2.4%2007

23.9%1997


Perth Regional WA

30.1%2017

1.4%2007

28.5%1997

47.7%2017

2.6%2007

12.1%1997

19.5%2017

2.2%2007

11.8%1997

22.9%2017


3.0%2002

0.7%2012

11.4%2002

4.3%2012

2.0%2002

0.6%2012

9.0%2002

4.8%2012

5.8%2002

33.9%2012

4.6%2002

37.6%2012

14.1%2002

16.7%2012

11.6%2002

23.0%2012





WA SA4 Regions


WA SA4 Regions

SA4 Regions

2016 2017 2016 2017


Bunbury 0.6% 3.8% 0.9% 3.4% 42.9% 26.7% 20.0% 18.9%

Mandurah 0.9% 5.5% 0.8% 3.7% 25.0% 28.3% 33.3% 48.2%

Perth - Inner 0.9% 3.4% 1.3% 3.6% 63.2% 52.0% 31.0% 41.3%

Perth - North East 0.6% 4.3% 0.5% 3.9% 47.1% 36.0% 28.6% 50.5%

Perth - North West 0.6% 3.3% 0.6% 2.9% 46.2% 46.6% 37.8% 49.7%

Perth - South East 0.6% 3.4% 0.6% 3.0% 32.4% 39.0% 19.4% 49.1%

Perth - South West 0.9% 4.2% 1.1% 2.9% 48.9% 30.4% 30.2% 45.1%

Western Australia - Outback 0.7% 2.1% 0.8% 3.2% 44.4% 27.6% 23.1% 36.1%

Western Australia - Wheat Belt 0.5% 3.7% 0.7% 3.9% 33.3% 25.0% 12.5% 19.1%

Western Australia




TasmaniaThe Tasmanian housing market has been fairly soft for many years however, value growth has accelerated, particularly in Hobart, over the past 18 to 24 months. As growth has accelerated flipping has increased, although it is largely flips after 12 months, however flipping remains substantially lower than previous peaks. Of those owners that are flipping properties, the proportion reselling for less than their previous purchase price has reduced substantially over recent years.

3.1%20072.9%

1997


Hobart Regional TAS

1.3%2017

11.6%2007

12.3%1997

5.3%2017 3.1%

20073.1%1997

1.2%2017

12.0%200710.8%

1997

5.3%2017

6.3%2007

33.3%1997


Hobart Regional TAS

17.4%2017

5.1%2007

42.5%1997

6.8%2017

6.3%2007

33.3%1997

14.8%2017

5.1%2007

42.5%1997

20.8%2017


3.2%2002

1.2%2012

9.5%2002

6.0%2012

2.5%2002

1.5%2012

8.9%2002

5.1%2012

11.8%2002

38.5%2012

6.1%2002

42.9%2012

11.8%2002

40.4%2012

6.1%2002

36.6%2012





TAS SA4 Regions


TAS SA4 Regions

SA4 Regions

2016 2017 2016 2017


Hobart 1.1% 4.7% 1.3% 5.3% 20.0% 8.0% 17.4% 6.8%

Launceston & North East 1.2% 4.9% 1.5% 5.1% 28.0% 21.9% 10.8% 13.7%

South East 1.0% 5.5% 0.9% 7.1% 33.3% 15.6% 33.3% 22.4%

West & North West 1.1% 5.0% 1.0% 4.8% 0.0% 25.0% 8.8% 29.9%

Tasmania




Northern TerritoryNorthern Territory’s housing market has been weak for a number of years with dwelling values in Darwin and regional NT substantially lower than their previous peaks. As a result, there has been an ongoing decline in the proportion of vendors flipping their properties. Of this vendors choosing to flip properties, they are incurring a much higher instance of reselling for a loss than vendors in other states and territories.

5.8%2007

6.6%2002


Darwin Regional NT

1.9%2017

23.4%2007

41.0%2002

4.1%2017 4.3%

2007

10.3%2002

0.6%2017

19.2%2007

38.4%2002

4.7%2017

14.7%2007

33.3%2002


Darwin Regional NT

35.3%2017

14.5%2007

27.5%2002

70.3%2017

5.3%2007

13.3%2002

50.0%2017

25.9%2007

7.1%2002

40.0%2017


1.8%2012

6.3%2012

1.6%2012

7.5%2012

40.7%2012

33.%2012

0.0%2012

21.9%2012




Australian Capital Territory

1.6%2007

3.5%1997


Canberra

1.5%2017

7.1%2007

11.2%1997

6.0%2017

9.1%2007

33.3%1997


Canberra

11.9%2017

6.3%2007

55.6%1997

6.8%2017

As the rate of value growth has accelerated in Canberra recently the instances of property owners flipping has also increased although it remains well below previous peak levels. When owners flip there properties if they flip after a year there is a higher likelihood that they will sell for a loss compared to if they hold for between one and two years.


2.6%2002

1.0%2012

10.6%2002

4.7%2012

6.5%2002

19.0%2012

3.3%2002

21.7%2012




In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information.

Queensland DataBased on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2017. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.

South Australian Data© 2017 Copyright in this information belongs to the South Australian Government and the South Australian Government does not accept any responsibility for the accuracy or completeness of the information or its suitability for purpose.

New South Wales DataContains property sales information provided under licence from the Land and Property Information (“LPI”). RP Data Pty Ltd trading as CoreLogic is authorised as a Property Sales Information provider by the LPI.

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the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

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a. give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.

Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au


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