90% of Property Sales Making a Profit
Thanks to the booming property market across Australia, 90.3% of property sales made a profit for the vendor in the first quarter of 2021.
The data was compiled by CoreLogic and showed that the number of property re-sales, jumped from 89.1% in the prior quarter.
During the peak of COVID lockdowns last year, just 86% of property sales were finding a profit for the seller. However, with the sharp turnaround in confidence across the country and tight supply, many markets are now clearly favoring sellers once again.