A rare treat from the Dailymail.
http://ift.tt/1aQr3I0
A report has shown that only 9 percent of homes in last quarter have recorded a loss at their sale with nearly a third selling for double what owners paid. The total vale of these profitable resales was over $17 billion three and a half times more than the total of the loss. Sydney recorded the lowest loss-making resales at just 2.4 percent which is down from 3.5 percent in a year The typical home is now owned for over ten years before it is resold with Melbourne homes being held longest
http://ift.tt/1aQr3I0
A report has shown that only 9 percent of homes in last quarter have recorded a loss at their sale with nearly a third selling for double what owners paid. The total vale of these profitable resales was over $17 billion three and a half times more than the total of the loss. Sydney recorded the lowest loss-making resales at just 2.4 percent which is down from 3.5 percent in a year The typical home is now owned for over ten years before it is resold with Melbourne homes being held longest
A Sellers Market: 1/3 of houses are selling for TWICE what the owners paid for them
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