Strong price growth throughout 2024 has resulted in the vast majority of property sellers achieving substantial nominal profits.

The latest CoreLogic Pain and Gain Report reveals that in the December quarter of 2024, 94.8% of home resales generated a profit, with the median profit reaching a record $306,000.

Despite a slight decline from the previous quarter’s 95.1% profit rate, total gross profits from resales rose to $35.6 billion, up from $35 billion in the previous quarter.

The report highlights that longer hold periods generally translate to higher resale profits.

The median hold period for profit-making sales was 9.3 years, compared to 7.6 years for properties sold at a loss.

This trend reinforces the financial benefits of long-term property ownership, a key factor for lenders assessing borrower stability, equity growth, and refinancing potential.

Among Australia’s capital cities, Brisbane recorded the highest percentage of profit-making sales at 99.6%, followed closely by Adelaide (99.1%) and Perth (97.4%).

Other markets also performed well, with Hobart (94.7%), the ACT (93.3%), Sydney (92.5%), and Melbourne (89.2%) all showing strong resale gains. Darwin, at 71.7%, recorded the lowest proportion of profitable sales, indicating potential volatility in this market.