Australian Homeowners Profit From Sales Amid COVID-19 Lockdowns

Australian Homeowners Profit From Sales Amid COVID-19 Lockdowns
A ‘SOLD’ sticker is seen on a sale sign in front of a house in Canberra, Australia, May 18, 2021. Lukas Coch/AAP Image
Rebecca Zhu
Updated:
A new report by CoreLogic revealed the September quarter saw the highest level of profitability for property sales in more than a decade.

The rate of profit-making resales across Australia rose 92.4 percent during the three months and was the fifth consecutive quarter where the rate of profit-making sales increased.