Regional Victoria delivers for investors as profitability hits 10-year high
Profitability for property resales hit its highest level in more than a decade in the June quarter, with regional Victoria recording the biggest proportion of gains for investors.
Nearly all of the homes sold around Ballarat in the June quarter did so for a profit. Photo: Damian Pankowiec / Shutterstock.com
Profitability for property resales hit its highest level in more than a decade in the June quarter, with regional Victoria recording the biggest proportion of gains for investors.
CoreLogic’s latest Pain & Gain Report, which analysed around 106,000 resales in the June quarter, revealed more than 91 per cent of property resales achieved a profit, with the nation’s house price boom delivering the highest level of profitability since May 2011.
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