Business
‘I can’t believe how much people are willing to pay’ – The Australian Financial Review
Owners who sold their homes in the last quarter of 2020 made a median profit of $230,500 as pent-up demand sent prices rocketing.
Nationally, 89.9 per cent of properties sold at a profit in the December quarter, 1.8 percentage points higher than the previous three months, reflecting the stronger-than-expected-turnaround.
The proportion of profit-making sales rose to 94.3 per cent in Melbourne up from 93 per cent in the previous quarter, despite the demand shock caused by 112 days of coronavirus-related lockdown.
Sarah Donato and Carlo Richetti were among those who made a bigger-than-expected profit when they sold their house…
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