PHOTO: Rebecca and Roy Dickson are selling one of Manly Vale’s only houses up for sale. Picture: Damian Shaw Source: News Corp Australia
Homeowners in pockets of Sydney north and northwest have been cashing in on a recent recovery in the property market, reselling their properties for up to $700,000 more than they paid for them.
The biggest average windfalls were in the council areas of the Hills, Mosman, Willoughby and Ku-ring-gai, which encompasses northern suburbs such as Turramurra, St Ives and Killara.
More than 90 per cent of Ku-ring-gai sellers exchanged their homes for more than they paid, with the average vendor getting $690,000 above their purchase price, according to CoreLogic’s latest Pain and Gain report.
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