Brighter Selling

#9 out of #10 Brissie sellers make a profit

by Kate Watt, Marketing Manager 10 October 2019

Brisbane sellers pocketed $1.341 billion in combined profits in the June quarter, as close to nine out of 10 properties sold for more than the vendor originally paid.

This pegs us on par with the national performance, in which 87.1 per cent of all properties Australia-wide sold for a profit.
The figures come from the latest CoreLogic Pain and Gain Report, published on Property Update.
They also show that the total value of losses recorded on Brisbane property sales was $37.7 million.
Nationally, Brisbane’s profits accounted for 8.2 per cent of the total value of resale profits and our losses made up 5.2 per cent.
The biggest losers in the greater Brisbane area were in the Scenic Rim where almost one in five properties, 19.3 per cent, resold at a loss.
Across Australia the toughest vendor markets were Perth and Darwin where just over half of all properties sold for a profit.
Hobart sellers just had to whack up a ‘for sale’ sign to land a profit with less than 2 per cent of vendors recording a loss.
Check out how Brisbane compared to other Australian capital cities for the percentage of properties sold for a profit in the June quarter:

  • Hobart 98.2%
  • Melbourne 92.3%
  • Canberra 91.0%
  • Sydney 89%
  • Brisbane 87.0%
  • Perth 63.9%
  • Darwin 51.8%

Want to pocket a profit on your property? Book a valuation or talk to us about selling.