The overwhelming majority of sellers are still achieving prices higher than they initially paid, according to the latest CoreLogic Pain and Gain report.
The report, which analyses 102,000 property resales from the June Quarter, shows 93.8% of sales were for a higher price than the vendor paid originally, down a little on the April Quarter result of 94.1%.
In the June Quarter, the median nominal gain made on re-sales nationally was $270,000, while median losses were $33,500.
CoreLogic head of research Eliza Owen says the smaller capital cities performed well with almost 100% of resales in Canberra and Hobart recording a nominal gain.
Regional markets also performed well, with the rate of loss-making sales dropping to 5.4%.
Ms Owen says there was, however, a small increase in loss-making sales in the combined tree-change and sea-change markets.
“There were slight increases in the rate of loss-making sales across Geelong, the Gold Coast, Richmond Tweed and the Sunshine Coast, but these increases were marginal,” she says.