According to The Australian Financial Review, houses in Sydney’s affluent suburbs delivered the biggest windfall for sellers during the March quarter as scarce supply and strong demand handed them more than $1 million in gross profits on average, CoreLogic’s Pain and Gain report shows.
Every house sold in Randwick, Ku-ring-gai and Canada Bay was profitable, rewarding vendors gains exceeding $1.1 million on average, while all inner west house sales made an average $850,000 profit. https://www.afr.com/property/residential/sydney-house-sellers-pocket-more-than-1-million-average-profit-20230628-p5dk0z
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