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One in five Melbourne units sold at a loss as national housing prices drop

Read the original at ABC News (AU) ↗
Cite

Williams, C., & Black, J. (2026, September 15). One in five Melbourne units sold at a loss as national housing prices drop. ABC News (AU). https://www.abc.net.au/news/2026-09-16/house-units-resale-profits-losses-cotality-data/107155046

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

ABC News (AU) · collected 2026-09-15 · by Claudia Williams, Jessica Black

Quick Summary

Cotality's latest data reveals Brisbane properties made a median profit of $525,000 at resale in the June quarter, making it Australia’s most profitable capital for sellers despite national housing price drops. In contrast, one in five Melbourne units were sold at a loss during this period. Nationally, 95.4% of over 94,000 resales still returned a profit with a median gain of $371,000, though the market downturn is expected to continue according to Cotality’s head of research Gerard Burg.
Written by AI on 2026-09-16, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Cotality's latest sales figures show that despite national housing price drops, Brisbane remains the most profitable capital for property sellers, with a median resale profit of $525,000 in the June quarter. In contrast, one in five Melbourne units were sold at a loss during this period. Nationally, more than 94,000 resales were analyzed, with 95.4% returning a profit and a median gain of $371,000. Houses generally performed better than units, with 97.8% of houses making a profit compared to only 90.5% of units. Cotality’s head of research Gerard Burg predicts that lower property prices will persist due to the ongoing housing market downturn.

Written for “Australian Housing Market Decline” on 2026-11-01, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Australian Housing Market Decline
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 7% of its claims. Each row says how that neighbour differs.
Daily Mail
Hedges 2 of 34 claims Outlet record 68/100
“While both articles discuss housing market trends and resale losses in major Australian cities based on Cotality figures, they focus on different aspects and specifics of the data released.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
28
sentences that state something as happening or true
Uncertain
7%
2 of 28 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
68/100
ABC News (AU)'s corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-16 · source text last changed 2026-09-15 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

ABC News (AU) · 4523 article(s) · 10 correction(s) detected
Running correction rate · 10 correction(s)

Who wrote this

Claudia Williams
11 article(s) here · 1 carrying a prediction
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🔮 "With home values falling across more markets, that buffer will become increasingly important in determining resale outcomes."
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All 11 articles by Claudia Williams →
Jessica Black
2 article(s) here · 1 carrying a prediction
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🔮 "With home values falling across more markets, that buffer will become increasingly important in determining resale outcomes."
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Topics

Adelaide Brisbane Cotality Melbourne Sydney

Subjects

Brisbane GPE · 6× Burg PERSON · 4× Cotality GPE · 4× Melbourne GPE · 3× Gerard Burg PERSON · 2× Adelaide GPE · 1× Andreassen PERSON · 1× Brett Andreassen PERSON · 1× Perth GPE · 1× Sydney GPE · 1×

Narrative

Mr Andreassen said sellers whose property had been on the market for months "have still got those previous figures in their heads". "Whereas a lot of the owners that are coming on the market now have adjusted their expectations to the current reality," he said.
framing: assertive · carried by 1 article(s) · first seen 2026-09-16
🔮 "With home values falling across more markets, that buffer will become increasingly important in determining resale outcomes."
2026-09-16 · ABC News (AU)
One in five Melbourne units sold at a loss as national housing prices drop · assertive framing

Claims (28 extracted, 2 hedged)

In short: The latest sales figures from Cotality show Brisbane properties made a median of $525,000 profit at resale in the June quarter. asserted
properties → show → quarter
Cotality's head of research Gerard Burg said lower prices are likely to "persist for some time". asserted
prices → say → time
Brisbane is still the country's most profitable capital for sellers despite the housing downturn, while one in five Melbourne units recorded a loss, according to the latest figures from data property firm Cotality. uncertain
units → record → Cotality
The June quarter data marks the end of record resales, after a 21-year high in March. asserted
data → mark → March
Brisbane resales had a median profit of $525,000, with 99.8 per cent of sales in the quarter making a gain. asserted
cent → have → gain
Meanwhile in Melbourne, 20.8 per cent of units were sold at a loss, and about one in 10 Sydney units went for less than their purchase price. asserted
units → sell → price
Houses returned a profit more reliably than units overall, with 97.8 per cent of houses making a gain compared to 90.5 per cent of units. asserted
cent → return → units
Nationally, sellers made a median $371,000, with 95.4 per cent of the more than 94,000 resales analysed returning a profit. asserted
cent → make → profit
Head of research at Cotality Gerard Burg said profitability was still "exceptionally high by historical standards" even as a softening housing market pushed down prices. asserted
market → say → prices
"Most sellers are still benefiting from the significant value growth accumulated over the past five years, which is providing considerable protection against the early stages of the downturn," he said. asserted
he → benefit → downturn
"With home values falling across more markets, that buffer will become increasingly important in determining resale outcomes." asserted
buffer → fall → outcomes
Mr Burg said there was a "real contrast" in the unit markets, with a "much weaker performance" in Melbourne, where CBD unit values peaked in 2017. asserted
values → say → 2017
"So, it's very hard to get a profitable resale in that type of environment," he said. asserted
he → get → environment
Brisbane real estate agent Brett Andreassen said the data confirmed what he had been seeing for months — prices have come down. asserted
prices → say → months
"It is probably more of a normalising of the market because the last few years were anything but,"he said. asserted
years → say → market
"I think because this crazy growth happened over five years, everyone thought that was the normal — when it really wasn't." asserted
it → think → years
Mr Andreassen said sellers whose property had been on the market for months "have still got those previous figures in their heads". "Whereas a lot of the owners that are coming on the market now have adjusted their expectations to the current reality," he said. asserted
he → say → reality
Adelaide was the country's second most profitable capital, followed by Perth, with median gains of $472,000 and $470,000, respectively. asserted
Adelaide → follow → 472,000
Home prices in each city had jumped since COVID-19, when relative affordability had boosted interstate migration, Mr Burg said. asserted
Burg → jump → migration
Regions make more gains asserted
Regions → make → gains
Meanwhile, regional markets had higher profitable resales than the capitals, with 97.5 per cent compared to 94.1 per cent. asserted
cent → have → cent
Metro sellers still made a bigger gain, with a $415,000 median compared to $324,500. asserted
sellers → make → 324,500
Mr Burg said the downturn put more recent buyers at risk, with homes held for less time more likely to be resold at a loss. asserted
homes → say → loss
The median time off the market for a loss-making house was 4.4 years. asserted
time → make → house
"The longer that you hold the property, the less exposed you are to the fluctuations that occur in an individual housing cycle," he said. asserted
he → hold → cycle
Mr Burg said the trend of declining values was likely to "persist for some time", which could make a profitable sale becoming "more challenging". uncertain
sale → say → time
"There is significant uncertainty around the short-term economic outlook, particularly the direction of interest rates and increasing pressure on household budgets," he said. asserted
he → be → budgets
"If housing values continue to fall, we would expect that to place further downward pressure on resale profitability over the coming quarters." asserted
that → continue → quarters
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