Key Findings: Pain & Gain Report (Quarter of Sep 2018)

Australian properties resold for $14.06billion in profits, but 11.1% of homes were resold at a loss.

Key findings from the CoreLogic Pain & Gain Report for the September 2018 Quarter includes:

• Property resales in Australia earned $14.060 billion in profits nationally.
• National losses from property resales amounted to $488.1 million.
• Houses have consistently experienced a higher proportion of resales at a profit than units.
• Greatest capital city share of profits were in Sydney (40.9%)…