More vendors sell for a loss as prices fall in Australia

According to The Australian Financial Review, the share of loss-making home sales across Sydney and Melbourne surged during the December quarter to levels not seen in four years, as the rapid drop in prices took their toll, CoreLogic’s Pain and Gain report shows.
But the recent stabilisation in home values could help slow down the rate of unprofitable resales in the coming months, said Eliza Owen, CoreLogic head of research.

https://www.afr.com/property/residential/more-vendors-sell-for-a-loss-as-prices-fall-20230321-p5cty5
​