Profits suggest Australians know when to hold ‘em, know when to fold ‘em
Data shows that investors are far more prepared to offload in pursuit of profits than owner-occupiers.
Sellers are flush with profits if they bought around the median property purchase date in Australia, October 2012.
With property prices having soared across Australia over the past decade, many owners and investors have pondered whether to hold or sell their properties.
Data released this week by the New South Wales Treasury shows that investors are far more prepared to offload in pursuit of profits than owner-occupiers.
It found the average holding period for NSW property buyers is 18.8 years, with owner occupiers holding their homes for 22.6 years on aver…
