Tuesday 29 September, 2015: Australia’s biggest winners and losers across capital city and regional property markets over the June 2015 quarter, were today released in the latest CoreLogic RP Data Pain and Gain property report – www.corelogic.com.au
The Pain and Gain report revealed that 30.8% of resales earned a doubling in profits for owners over the quarter which was based on the previous purchase price of the dwelling, while the proportion of loss-making resales rose..
To further illustrate Mr Kusher’s point, for resales incurring a gross loss over the December quarter, the average length of ownership was just 5.9 years. Properties that recorded a gross profit were held for an average of 10.2 years, while those homes that…
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