National resale profits down but Brisbane still top with $525k median gain
Despite a national downturn in property prices, Brisbane remains the most profitable capital city for sellers, with a median resale gain of $525,000. Data from Cotality indicates that while national profits are softening, the majority of sellers are still benefiting from long-term value growth.
Why it matters
Real estate resale profitability is a key indicator of economic health and housing market stability, affecting investment strategies and consumer confidence.
Nationally, sellers made a median $371,000, with 95.4 per cent of the 94,000 resales analysed by Cotality returning a profit. ( ABC News: Liz Pickering )
The latest sales figures from Cotality show Brisbane properties made a median of $525,000 profit at resale in the June quarter.
Brisbane is the most profitable capital for sellers, despite a national downturn in property prices.
Cotality's head of research Gerard Burg said lower prices are likely to "persist for some time".
Link copied Share Share article Brisbane is still the country's most profitable capital for sellers despite the housing downturn, while one in five Melbourne units recorded a loss, according to the latest figures from data property firm Cotality.
The June quarter data marks the end of record resales, after a 21-year high in March.
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