Profit from residential property resales hit 25-year high; median gain of $313,000 | WATCH

PHOTO: Those reselling their homes are making a median profit of $313,000, the latest data suggests. Source: 1 NEWS

Profit from resales of residential property have hit a 25-year high, with 98.9 per cent of residential property resales between January and March 2021 making a profit.

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According to new CoreLogic data, those re-selling homes are making a median gain of $313,000, $24,000 more than last quarter.

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