Property Sellers Continue To Reap Profits Despite Weaker Capital City Markets

Almost nine in 10 properties (87.1 per cent) resold in the June quarter made a profit for the seller, according to CoreLogic’s latest Pain and Gain Report, which provides a view of how resold properties are performing across Australia. 

Nationally, 89.7 per cent of houses resold for higher than their original purchase price, compared to 79.6 per cent of apartments. The resales delivered a combined gross profit of $16.3 billion nationally, with sellers in Sydney and Melbourne enjoying the…