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.
Loading...
Nila Sweeney was a property reporter at The Australian Financial Review.