Over 96% of New Zealand Property Owners Profiting From Resales

More homeowners are selling properties for a profit based on the buoyant housing market conditions over the past few years, according to new data from CoreLogic. 

In the first three months of 2017, 96.3% of all homes resold did so at a gross profit compared to their previous sale price, according to the CoreLogic March quarter Pain and Gain report.  Owners pocketed a median gain of $167,000 per sale, with almost $4 billion in profits realised nationwide.  

Meanwhile, the number of…