Profitability in Australian dwellings rose over the December quarter, with Hobart coming in as the most profitable capital city

This edition of the Pain and Gain report analyses approximately 98,000 resales of residential property that took place in the three months to December 2020. The results show an increase in the profitability of Australian real estate, with 89.9% of transactions seeing a nominal gain for sellers.

Eliza Owen, Core Logic’s Head of Research said on the latest Pain and Gain report “As property values rose across each state and Territory through the December quarter, buoyed by a cash rate…