A whopping 99.6 per cent of sales made a profit, according to the latest Pain & Gain report from CoreLogic.
That’s enough for Brisbane to claim the top spot across Australian capital cities.
It comes as Aussie sellers enjoy record-high rates of profitability. The median nominal gain of $306,000 is the highest since the mid-90s, which is as far back as CoreLogic’s analysis runs.
Nationally, 94.8 per cent of sellers made a profit in the December quarter and the total combined profits equated to $35.6 billion.
Outside of Brisbane, loss-making sales increased slightly as home values dipped. The median loss was -$45,000, bringing total losses to $302 million.
“Houses were far less likely to see a loss, with only 3.0 per cent of houses selling for less than the previous price,” CoreLogic reports.
“Units had a loss-making sales rate of 10.1 per cent in the quarter, up from 9.3 per cent in the previous quarter.”
Overall, the figures show the health of the Brisbane property market which continues to see solid growth.
While the pace of growth slowed last year – which was welcome relief for buyers – the figures show that sellers are still enjoying strong results and solid profits.
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