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Home sellers rake in record profits despite slowing market

Nila Sweeney
Nila SweeneyReporter

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Residential property profits climbed to a fresh high nationwide in the September quarter, with sellers pocketing $295,000 gross gains on average, despite slower growth in values and higher listings, CoreLogic’s Pain and Gain report shows.

More sellers also made a profit during the same period, with 95 per cent of all properties sold for more than their original purchase price, the highest level in more than 16 years.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au

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    Original URL: https://www.afr.com/property/residential/home-sellers-rake-in-record-profits-despite-slowing-market-20241217-p5kyz0