Victorian homes where sellers took a loss in 2022 after buying in 2021

The agent of 11 Viola Ave, Brooklyn, would not comment on the sale.

Sellers who strike it rich — especially in a short amount of time — are often celebrated in real estate. But there is, of course, a sadder side to the market.

Victorian vendors who copped significant losses on the property market after buying homes in 2021 and then selling in 2022 have been revealed in new PropTrack data.

But, unsurprisingly, real estate agents involved with the sales were not keen to comment when called by the Herald Sun, with sensitive situations including health crises behind the scenes.

RELATED: Why land sale slump is good for 2023 buyers

Victoria’s most expensive, affordable streets revealed

Real estate: Victoria’s ‘Rising Star’ property markets of 2023

No. 34 Merrin Cres, Wonthaggi, sold for about $120,000 less in the space of a year.

Real Estate Institute of Victoria president Andrew Meehan said common reasons to have to sell included “birth, death, marriage, divorce, promotion, demotion and windfall gain or loss”.

“Generally sales of property because of one of those seven reasons are not foreseeable, so it’s always down to personal circumstances,” he said.

Mr Meehan added the property market’s overall trajectory was upward, so “the longer you hold property, then you avoid the ups and downs of the short terms”.

Check out the residential biggest re-sale losses between 2021 purchases and 2022 sales below.

The sellers of No. 331 Armstrong St North, Soldiers Hill, sold for $70,000 less.

No. 9 Kuranda Cres, Oakleigh East, sold for almost $200,000 less.


Address, 2021 sale price, 2022 sale price

36 Montpellier Drive, Avondale Heights

BOUGHT FOR: 9/12/2021 $1.175m

SOLD FOR: 25/10/2022, $915,000

11 Viola Ave, Brooklyn

BOUGHT FOR: 1/7/2021 $905,000

SOLD FOR: 27/4/2022, $720,000

20 Balonne Close, Taylors Lakes

BOUGHT FOR: 11/6/2021, $1.2m

SOLD FOR: 27/4/2022, $985,000

17 Tamar St, Ringwood North

BOUGHT FOR: 4/12/2021, $1.07m
SOLD FOR: 5/10/2022, $900,000

51 Bayview St, Prahran

BOUGHT FOR: 13/3/2021, $1.458m

SOLD FOR: 24/8/2022, $1.35m

9 Kuranda Cres, Oakleigh East

BOUGHT FOR: 12/6/2021, $1.26m
SOLD FOR: 25/6/2022, $1.085m


34 Merrin Cres, Wonthaggi

BOUGHT FOR: 16/10/2021, $578,500

SOLD FOR: 14/11/2022, $460,000

6 Clift Court, Traralgon

BOUGHT FOR: 16/12/2021, $625,000

SOLD FOR: 21/3/2022, $532,000

331 Armstrong St North, Soldiers Hill

BOUGHT FOR: 21/12/2021, $920,000

SOLD FOR: 5/8/2022, $850,000

167 Giles Rd, Trafalgar

BOUGHT FOR: 6/3/2021, $750,000

SOLD FOR: 29/9/2022, $700,000

88 Sussex St, Linton

BOUGHT FOR: 6/6/2021, $430,000

SOLD FOR: 24/11/2022, $410,000

513 Peel St North, Black Hill

BOUGHT FOR: 14/4/2021, $601,000

SOLD FOR: 2/9/2022, $570,000

27 Shady Gully Drive, Mallacoota

BOUGHT FOR: 14/12/2021, $480,000

SOLD FOR: 16/8/2022, $460,000

2/130 McIvor Rd, Kennington

BOUGHT FOR: 21/12/2021, $600,000

SOLD FOR: 24/2/2022, $575,000

Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Australian property managers suffering in rental crisis

Tarneit house price record: American, French provincial dream home shatters benchmark by $440,000

Chinese buyers remain the dominant force in Australian real estate market, new report shows