Subject: Housing resale profits hit highest level in 20 years as median gain reaches record

⚡️ Highlights:

1. Resale profitability in the Australian property market is at a 20-year high, with 95.9% of properties selling at a profit in the December quarter, the highest since 2005.

2. The median gain for resale properties reached a record $365,000, reflecting long hold periods of close to a decade rather than sudden market surges.

3. Time in the market is a key factor in determining resale outcomes, with properties held for longer periods more likely to absorb cyclical fluctuations and deliver positive results.

4. Houses outperformed units in terms of profitability, with 98.1% of house resales making a profit compared to 91.2% of units, and median gains significantly higher for houses.

5. Coastal lifestyle markets and cities like Brisbane and Perth dominated the top-performing regions in terms of resale gains, with regional markets showing higher consistency of profitability for sellers compared to capital cities.

✍️ Corelogic | Full Article

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