New Zealand Pain & Gain Report October 2017 | 3 © Copyright 2017. CoreLogic NZ Limited (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. Executive Summary The Pain and Gain report is a quarterly analysis of homes which were resold over the quarter. It compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss. It provides a proxy for the performance of each housing market and highlights the magnitude of profit or loss the typical seller of a home makes in those regions analysed. The proportion of all properties resold at a loss in Q2 2017 was 3.7% - the same as Q1 2017. The median hold period for Auckland properties selling at a loss dropped to 1 year in Q2 2017 (from 2.3 the prior quarter). The median loss per apartment sale ($35k) was almost double that of houses ($18k), which is surprising given apartments are usually worth less than houses. Buller and Grey Districts, on the West Coast of the South Island continue to see a large proportion of sales incurring a loss. 1. 2. 3. 4.