Solid price growth throughout 2024 means the majority of people selling are achieving nominal profits.

The latest CoreLogic Pain and Gain report shows that in the December quarter of 2024, there were 95,300 home resales and 94.8% of sellers made a nominal profit, with the median profit a record $306,000.  The number of sellers achieving a profit dropped slightly from the previous quarter result of 95.1% but gross profits from resales in the December quarter are estimated to be $35.6 billion – up from $35 billion in the previous quarter. 

Sellers who made a loss usually held the property for a shorter period of time than those making a profit. The median hold period for a profit-making sale was 9.3 years and 7.6 years for those that made a loss. Brisbane had the highest level of profit making sales, 99.6%, followed by Adelaide, 99.1%, Perth 97.4%, Hobart, 94.7%, ACT, 93.3%, Sydney, 92.5%, Melbourne 89.2% and Darwin, 71.7%.