The number of Australians making a profit from property sales at 12-year high, research shows
by Elias Visontay from World news | The Guardian on (#673DA)
Falls in prices are mostly affecting investors offloading high-density apartments, according to recent report
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The percentage of property owners selling their homes for a profit in Australia remains at heights not seen in more than 12 years, with recent subtle falls in prices mostly affecting investors offloading high-density apartments, often seen as lower-quality builds.
In the three months to September, the rate of profitability in residential real estate was 93.3%, down slightly from 93.9% in the previous quarter, according to Corelogic's Pain and Gain report released this week, which analysed the 83,000 residential properties resold in the quarter.
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