Sellers cash-in big time on property boom

Friday 25 June 2021

CoreLogic has released its March quarter Pain & Gain Report, which reveals that 90.3% of sales nationally were at a profit – above the decade average of 89.0%:

90.3% of properties sold for a profit in Q1.

90.6% of regional resales saw a profit through the March quarter, compared with 90.0% of capital city resales. The combined gains from these profitable sales also totalled $30.6 billion over the quarter.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.