96% of sought-after Australian homeowners sold properties for million-dollar profits in last financial year, according to Domain's report.

96% of Australian homeowners selling properties in sought-after suburbs made million-dollar profits in the last financial year, according to Domain's Profit and Loss Report. This is the highest percentage since 2008 and coincides with a significant rise in Australian property prices over the past several years. Long-term property ownership is attributed to the record number of resold homes generating profits.

August 21, 2024
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