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PHOTO: 123RF Property sales lost none of their warmth in winter, with very few making a loss.
New Zealanders are still making plenty of money when they sell their homes, according to winter figures from property data researchers CoreLogic
The company’s latest “pain and gain” report shows that $3 billion in gross profit was made from house sales during the July to September quarter, and that 96 per cent of all properties made a gain.
The median gain was of $180,000 per property.
Only a few sales, just 4.2 per cent, made a loss over the same period, which totalled $29.9 million or about $20,000 a property.
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