Profit-making resales remain very high for both owner-occupiers and investors, according to figures from CoreLogic's latest Pain and Gain Report.
CoreLogic analysed all properties that were sold during the three months to June 30, comparing the most recent sale price to the previous sale price to determine whether the property sold at a gross profit or gross loss.
For owner-occupiers, the proportion making a resale profit held up at 96.9 percent (the resale loss share was 3.1 percent), while for investors it was 95.4 percent (or losses of 4.6 percent).
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All of these figures are basically unchanged from the first three months of the year.
Nick Goodall, CoreLogic head of research, explains: “The gain figures are at historical highs for both owner-occupiers and investors, on the flipside, pain is at historical lows.
"The fact that investors’ resales are slightly more likely to be at a loss will tend to reflect their more financially-minded decisions (less emotion) and their greater tendency to buy apartments, where the pain figures are also a little higher than houses.”
