94% Of Sellers Make A Profit

The number of properties selling for more than the
owners initially paid may have fallen slightly in the
past quarter, but overwhelmingly sellers are still
coming out on top.

CoreLogic’s latest Pain & Gain Report, which analysed
about 106,000 property resales in the March 2022
Quarter, recorded a 0.3 percentage point decline in
the number of profit-making sales nationally – but
the level of gains increased in 10 of the 15 market
jurisdictions.CoreLogic’s Head of Research Eliza
Owen says 93.7% of sales are still at a profit.

Median gains nationally are $290,000, with Sydney
sellers recording the biggest median gain of $415,000
and Perth the lowest at a still healthy $119,000.

For those who lost out on a sale, the median loss was

“Our analysis shows the median hold period nationally
is nine years,” Owens says.

“Since then, Australian dwelling values have increased
70.3%, or the equivalent of around $309,000 in the
median dwelling value across Australia.”