Close to ten per cent of dwellings resold during the March quarter were sold for less than their previous purchase price, according to CoreLogic. The proportion of dwelling selling for less than the previous purchase price rose from 8.8 per cent in the December quarter last year to 9.6 per cent in the March quarter, CoreLogic's latest Pain and Gain Report shows. In the March quarter last year, 9.1 per cent of resales were for less than the previous purchase price. A lower proportion of house resales were at a loss (8.1 per cent), compared with units (13.3 per cent). Most of the falls were in regional areas, particularly those linked with the mining industry. In the capital cities, Sydney had the lowest proportion of resales at a loss (2.2 per cent). In Melbourne the rate was 4.7 per cent, in Brisbane 9.2 per cent, Adelaide 7.5 per cent, Hobart 4.6 per cent and Canberra 9.6 per cent. Perth and Darwin were the trouble spots. In Perth 23.2 per cent of resales were at a loss and in Darwin 37 per cent of resales were at a loss. In the regions, 51.9 per cent of property resold in the Fitzroy region and 53 per cent in the Mackay region were loss-making. Investors took more losses than owner-occupiers. In Sydney the proportion of resales was a loss was 1.8 per cent for owner-occupiers and 1.9 per cent for investors. In Melbourne the proportions were 2.1 per cent and 7.7 per cent. The average holding period had a bearing on resale outcomes. Houses resold at a loss were held for an average of 6.3 years and units for an average of 6.9 years. Of those properties resold at a profit, houses were held for an average of 9.1 years and units for an average of 7.6 years.