Australian Homes Achieve Over $15.6B in Re-Sale Gains Last Quarter

CoreLogic head of research Tim Lawless said, “Houses consistently record a higher proportion of resales at a profit than units. This may be attributed to the underlying land value of detached houses, which is a significant part of the overall value. But it’s also because unit markets can be more prone to oversupply than house markets.” 

He also adds, “Capital city properties being resold remain more likely to sell for a profit than those in regional markets but over the past three…