Sellers cash in as profit levels hit 20-year high
Record property values are driving a surge in profitable resales, though losses are beginning to reappear in some markets.
Sellers who've held onto their property are almost certainly letting them go at a profit. (Image source: doublelee/Shutterstock.com)
There’s scarcely ever been a better time to sell a property.
With property prices at or near record highs around the country, the proportion of sellers offloading property at a profit has hit a 20-year high.
Cotality’s latest Pain and Gain report shows that 95.9 per cent of resales nationally are delivering a gain, marking one of the strongest outcomes on record and reflecting the cumulative impact of more than a decade of price growth.
The sc…
