PHOTO: The latest CoreLogic ‘Pain and Gain’ report – www.corelogic.com.au/news found that although the vast majority (88.9%) of Australian residential properties resold for a gross profit over the September quarter, this was actually the weakest quarter for profit making resales since the three months to August 2013.

Key findings from the CoreLogic Pain & Gain Report for the September 2018 Quarter includes:

  • Property resales in Australia earned $14.060 billion in profits nationally.
  • National losses from property resales amounted to $488.1 million.
  • Houses have consistently experienced a higher proportion of resales at a profit than units.
  • Greatest capital city share of profits were in Sydney (40.9%) and Melbourne (32.5%).
  • Regions with the greatest share of regional market profits were: Regional NSW (46.3%) and Regional Qld (30.4%).

11.1% of Australian homes resold in the three months to September 2018 went for a price less than what they were purchased for.

READ MORE VIA CORELOGIC

 

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