Posted on Jan 22, 2021

Property Friends | Property Strategist

Data reveals Australia’s most profitable suburbs. I LOVE it when a good plan comes together...
(extract from API Newsletter 21-01-2021)
Hobart has been Australia's most profitable capital since 2018.
Hobart continues to lead the nation for profit-making home sales, with profitability across markets tipped to rise in the coming months as low mortgage rates, improving economic conditions and rising consumer sentiment combine to result in an increase in happy vendors.
CoreLogic’s latest Pain & Gain report, which analysed around 72,000 property resales across Australia, showed that 96.6 per cent of house sales in Hobart made some sort of a gain in the three months to the end of September.
Unit sales in the Tassie capital also led the nation, with 97.1 per cent making a profit.
Across all markets, 88.1 per cent of resales made a profit, equating to $24.8 billion in gains, up from 87.2 per cent or $19.8 billion in the three months to the end of June.
“Each of the greater capital city markets, with the exception of Melbourne, saw an increase in the rate of profit making sales over the September quarter,” Ms Owen said.
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