General
Property Resale Winners Beat Losers (June 2017 Quarter)
Indicative of the magnitude of the profits realised from property over the June 2017 quarter was property resales. Combined, resales earned sellers $18.2 billion in gross profits with the median profit recorded at $195,000. On the downside, gross resale losses totalled $469.6 million with the median loss recorded at $35,000.
The latest CoreLogic Pain & Gain June 2017 quarter report showed that 89.8% of dwellings which resold over the period did so for more than their purchase price; a…
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