PHOTO: Former Strathfield mayor Rod Rimes and wife Lyn at their Redmyre Rd home up for sale. Picture: Justin Lloyd Source: News Limited
Long-time homeowners across Sydney are still reaping major windfalls from their home sales, despite recent falls in prices.
An analysis of sales records has revealed the average Sydney homeowner selling a property bought 10 years ago made about $475,000 in resale profit.
The average apartment seller who owned their home for the same period pocketed about $373,000 in median resale profit, according to the CoreLogic data.
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