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“The negative equity figure has risen from 3.7 per cent at the end of the last quarter.”
The report cited far north Queensland, the Gold Coast and the Sunshine Coast as having the highest instances of negative equity at 20.2 per cent, 14.0 per cent and 13.5 per cent respectively.
“Western Australia’s Lower Great Southern and South West and South Eastern Western Australia are showing high levels of negative equity,” the report added.
"On a state-by-state basis, Queensland has the greatest percentage of properties in negative equity at 9.2 per cent, up from 6.3 per cent last quarter.
"Western Australia also has a relatively high instance at 6.3 per cent up from 4.9 per cent of properties last quarter."
The Lower Great Southern region has the greatest occurrence of negative equity with 12.3 per cent of homes worth less than the purchase price, up from 9.8 per cent last quarter.
The report cited far north Queensland, the Gold Coast and the Sunshine Coast as having the highest instances of negative equity at 20.2 per cent, 14.0 per cent and 13.5 per cent respectively.
“Western Australia’s Lower Great Southern and South West and South Eastern Western Australia are showing high levels of negative equity,” the report added.
"On a state-by-state basis, Queensland has the greatest percentage of properties in negative equity at 9.2 per cent, up from 6.3 per cent last quarter.
"Western Australia also has a relatively high instance at 6.3 per cent up from 4.9 per cent of properties last quarter."
The Lower Great Southern region has the greatest occurrence of negative equity with 12.3 per cent of homes worth less than the purchase price, up from 9.8 per cent last quarter.
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