Short term loss-making sales:
- CoreLogic analysed approximately 83,000 dwelling resales in the June 2023 quarter. The incidence of profit-making sales nationally increased to 92.8%, up from 92.4% in the previous quarter.
- The median gains from resale were $290,000 in the quarter, nearly 8 times more than the median losses from resales which were only $39,982.
- In Sydney, only 9.9% of resales were loss-making which had actually decreased slightly from March when 10.6 of resales were loss-making. The rest of NSW was even less at 2.9% and 2.6% respectively.
- Owner-occupiers continued to see a far greater rate of profitability than investors, at 96.3% compared to 88.3% of investors.
- This is a very small percentage considering there were circa 900,000 mortgages rolling of very low fixed rates between March and December of this year, what has been called the "fixed-mortgage cliff" which at this stage looks more like a gentle slope.
Can we please remake this graph and then put a green box around Sydney and the rest of NSW
Dedicated and tenacious professional with a strong work ethic, I thrive in challenging environments where perseverance and determination are key.
1moGreat Team work!! There are definitely advantages of using a preferred lender with a builder!! Congrats on creating value in that !!