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.
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.
CoreLogic's Senior Research Analyst Cameron Kusher explained that 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 resold for more than double the previous purchase price were owned for an average of 16.8 years.
Across the country:
To view the full CoreLogic Pain & Gain Report click here.