property flipping report - corelogic · value and riding the capital growth curve, or by adding...
TRANSCRIPT
Property Flipping ReportPrepared by CoreLogic
2 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
About CoreLogicAbout 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 500 million 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
CoreLogic Property Flipping Report December 2017 | 3
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
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 well 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.
4 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
NationalOver the 12 months to June 2017, dwellings were sold after having been held for less than a year nationally with a further resold after being owned for between one and two years. These figures represented of all resold property sales over the year. Flipping remains
Percentage of homes flipped < 12 mths
2017
XX% XX%XX% XX%2000s
Percentage of homes flipped between 12 - 24 mths
20172000s
CoreLogic Property Flipping Report December 2017 | 5
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Regions
Percentage of sales that were flips Percentage of flips at a profit
< 1 Year 1 - 2 Years < 1 Year 1 - 2 Years
Sydney XX%
Regional NSW XX%
Melbourne XX%
Regional VIC XX%
Brisbane XX%
Regional QLD XX%
Adelaide XX%
Regional SA XX%
Perth XX%
Regional WA XX%
Hobart XX%
Regional TAS XX%
Darwin XX%
Regional NT XX%
Canberra XX%
National XX%
Combined Capitals XX%
Combined Regional XX%
Flipping Characteristics by State, 12 months to June 2017
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
6 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Capital Cities vs RegionsAcross the combined capital city housing markets over the 12 months to June 2017,
of all resales were flipped in less than 12 months while of all sales were of properties held for between one and two years.
Over the past year, of combined capital city flips in less than 12 months and of combined regional market flips held for less than 12 months resold at a loss.
of capital city dwellings resold between one and two years resold at compared to of properties across the regional markets. The data highlights that
CoreLogic Property Flipping Report December 2017 | 7
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
XX%2007
XX%1997
Percentage of annual resales that were flips
Combined Capital Cities Combined Regional Markets
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2007
XX%1997
Percentage of total flips at a loss
Combined Capital Cities Combined Regional Markets
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
< 1 year 1 - 2 years
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
8 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
New South WalesThe New South Wales housing market has been
Percentage of annual resales that were flips
Sydney Regional NSW
Percentage of total flips at a loss
Sydney Regional NSW
< 1 year 1 - 2 years
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 9
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
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
Central Coast
Central West
Coffs Harbour - Grafton
Far West & Orana
Hunter Valley ex Newcastle
Illawarra
Mid North Coast
Murray
New England & North West
Newcastle & Lake Macquarie
Richmond - Tweed
Riverina
Southern Highlands & Shoalhaven
Sydney - Baulkham Hills & Hawkesbury
Sydney - Blacktown
Sydney - City & Inner South
Sydney - Eastern Suburbs
Sydney - Inner South West
Sydney - Inner West
Sydney - North Sydney & Hornsby
Sydney - Northern Beaches
Sydney - Outer South West
Sydney - Outer West & Blue Mountains
Sydney - Parramatta
Sydney - Ryde
Sydney - South West
Sydney - Sutherland
New South Wales
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
10 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
VictoriaVictoria’s housing market has seen
Percentage of annual resales that were flips
Melbourne Regional VIC
Percentage of total flips at a loss
Melbourne Regional VIC
< 1 year 1 - 2 years
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 11
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Percentage of Annual Resales that were Flips,
VIC SA4 Regions
Percentage of Total Annual Flips at a loss,
VIC 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
Ballarat
Bendigo
Geelong
Hume
Latrobe - Gippsland
Melboure - Inner
Melbourne - Inner East
Melbourne - Inner South
Melbourne - North East
Melbourne - North West
Melbourne - Outer East
Melbourne - South East
Melbourne - West
Mornington Penninsula
North West
Shepparton
Warranambool & South West
Victoria
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
12 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
QueenslandQueensland has recorded only
Percentage of annual resales that were flips
Brisbane Regional QLD
Percentage of total flips at a loss
Brisbane Regional QLD
< 1 year 1 - 2 years
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 13
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Percentage of Annual Resales that were Flips,
QLD SA4 Regions
Percentage of Total Annual Flips at a loss,
QLD 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
Brisbane - East
Brisbane - North
Brisbane - South
Brisbane - West
Brisbane Inner City
Cairns
Darling Downs - Maranoa
Fitzroy
Gold Coast
Ipswich
Logan - Beaudesert
Mackay
Moreton Bay - North
Moreton Bay - South
Queensland - Outback
Sunshine Coast
Toowoomba
Townsville
Wide Bay
Queensland
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
14 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
South AustraliaValues have increased at a
Percentage of annual resales that were flips
Adelaide Regional SA
Percentage of total flips at a loss
Adelaide Regional SA
< 1 year 1 - 2 years
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 15
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Percentage of Annual Resales that were Flips,
SA SA4 Regions
Percentage of Total Annual Flips at a loss,
SA 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
Adelaide - Central & Hills
Adelaide - North
Adelaide - South
Adelaide - West
Barossa - Yorke - Mid North
South Australia - Outback
South Australia - South East
South Australia
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
16 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Western AustraliaWestern Australia has been seeing values
Percentage of annual resales that were flips
Perth Regional WA
Percentage of total flips at a loss
Perth Regional WA
< 1 year 1 - 2 years
Percentage of total flips at a loss
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 17
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Percentage of Annual Resales that were Flips,
WA SA4 Regions
Percentage of Total Annual Flips at a loss,
WA 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
Bunbury
Mandurah
Perth - Inner
Perth - North East
Perth - North West
Perth - South East
Perth - South West
Western Australia - Outback
Western Australia - Wheat Belt
Western Australia
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
18 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
TasmaniaThe Tasmanian housing market has been fairly
Percentage of annual resales that were flips
Hobart Regional TAS
Percentage of total flips at a loss
Hobart Regional TAS
< 1 year 1 - 2 years
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 19
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Percentage of Annual Resales that were Flips,
TAS SA4 Regions
Percentage of Total Annual Flips at a loss,
TAS 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
Hobart
Launceston & North East
South East
West & North West
Tasmania
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
20 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Northern TerritoryNorthern Territory’s housing market has been
Percentage of annual resales that were flips
Darwin Regional NT
Percentage of total flips at a loss
Darwin Regional NT
< 1 year 1 - 2 years
Percentage of total flips at a loss
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007XX%
1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
XX%2017
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 21
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
22 | CoreLogic Property Flipping Report December 2017
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
Australian Capital Territory
XX%2007
XX%1997
Percentage of annual resales that were flips
Canberra
XX%2017
XX%2007
XX%1997
XX%2017
XX%2007
XX%1997
Percentage of total flips at a loss
Canberra
XX%2017
XX%2007
XX%1997
XX%2017
As the rate of value growth has
< 1 year 1 - 2 years
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
XX%2002
XX%2012
CoreLogic Property Flipping Report December 2017 | 23
© Copyright 2017 | RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) subsisting in this publication including any data, analytics, statistics and other information. All rights reserved.
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.
Victorian DataThe State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of
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.
Western Australian DataBased on information provided by and with the permission of the Western Australian Land Information Authority (2017) trading as Landgate.
Australian Capital Territory DataThe Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box 1908 Canberra ACT 2601.
Tasmanian DataThis product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents:
a. give no warranty regarding the data'saccuracy, completeness, currency orsuitability for any particular purpose;and do not accept liability howsoeverarising, including but not limited tonegligence for any loss resulting fromthe use of or reliance upon the data.
Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au
© 2017 CoreLogic, Inc. No unauthorised use or disclosure. All rights reserved.
CORELOGIC and the CoreLogic logo are New Zealand and Australian trademarks of CoreLogic, Inc. and/or its subsidiaries.
For more information contact us 1300 734 318 or email [email protected]
corelogic.com.au