{"id":34870,"date":"2021-09-30T17:16:47","date_gmt":"2021-09-30T04:16:47","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=34870"},"modified":"2021-09-30T17:16:47","modified_gmt":"2021-09-30T04:16:47","slug":"aussies-eye-watering-profits-from-property","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/aussies-eye-watering-profits-from-property\/","title":{"rendered":"Aussies eye-watering profits from property"},"content":{"rendered":"

PHOTO: March saw the biggest monthly jump in house prices for 32 years<\/strong><\/p>\n

It\u2019s the best time in 10 years to make a profit from selling property, with owners in one state raking in millions from their places.<\/p>\n

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Sydneysiders have been making millions from Australia\u2019s property boom as homeowners right around the country cash in, with new research showing it\u2019s the best time in a decade to make a profit from the housing market.<\/p>\n<\/div>\n

Just last week, a renovated four-bedroom house in the Sydney inner west suburb of Haberfield saw an unbelievable result when it sold at auction for $2.02 million above the reserve, going under the hammer for over $7 million.<\/p>\n

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New Zealand seeks to cool scorching housing market<\/a><\/h2>\n<\/header>\n<\/div>\n

It comes as the proportion of homes that sold for profit hit a high in the June quarter for the first time in 10 years, due to a shortage of options, low interest rates and soaring prices, according to CoreLogic data<\/p>\n

More than nine in 10 homes sold were profitable across Australia, while Sydney broke records with 97.6 per cent of houses sold making a profit \u2013 the highest level in 39 years.<\/p>\n

Standout suburbs included the northern beaches, Camden and Hawkesbury, with 97.7 per cent selling for more than the purchase price<\/p>\n

https:\/\/www.instagram.com\/p\/CUTkHheFgtx\/?utm_source=ig_web_copy_link<\/p>\n

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