Australian Regional Property Markets Racing Ahead in Profits

Australian Regional Property Markets Racing Ahead in Profits
A man walks past a real estate agent's window advertisements in Melbourne on May 1, 2019. Photo by WILLIAM WEST/AFP via Getty Images
Epoch Times Sydney Staff
Updated:

A new report by property researcher CoreLogic has found that the property market in rural and regional areas experienced a boom in the last financial quarter.

The latest Corelogic Pain and Gain report found that just over 88 percent of housing sales made a gain in the September quarter, translating into $24.8 billion in profits. This was an increase of $5 billion from the June quarter 2020.