Average $230,633 profit for March quarter sales: CoreLogic RP Data
Jonathan ChancellorDecember 7, 2020
CoreLogic RP Data's most recent quarterly Pain & Gain report - which provides a comprehensive list of where profits from properties were made over the March 2015 quarter - noted that 30.7% of all homes resold for more than double their previous purchase price.
Across those homes which sold at a profit, the total value of this profit was recorded at $13.8 billion with the average gross profit recorded at $230,633.
Although the proportion of loss-making resales rose, the figure has been fairly steady over the past 12 months with the total value of the loss-making resales over the quarter recorded at $417 million, with an average loss of $69,468.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.