PHOTO: KEVIN STENT/STUFF Sellers who made a profit on their homes in the last quarter of last year made a median $213,000.
House sellers are cashing in, new data from Corelogic shows.
It has released its latest Pain and Gain report, which shows 96 per cent of New Zealand homes sold for a capital gain in the last quarter of 2019, up from 95 per cent in the preceding quarter.
The amount sellers made increased, too, from a median $202,000 three months earlier to $213,000.
Corelogic senior property economist Kelvin Davidson said that was the largest gain Corelogic had seen.
Auckland helped to drive the increase. Its percentage of profit-making sales increased to 93 per cent from 91 per cent in the quarter before.
There, the median gain was $345,000.
READ MORE VIA STUFF