Consolidation is critical before even buying
In the June quarter of 2024, the median nominal gain from resales increased to $285,000 according to the report – a record high since the report commenced.
The report analysed 91,000 resales in the June quarter, of which 94.5% made a profit – up from 94.4% in the March quarter.
Total nominal gains from resales hit $31.8 billion in the June quarter, up 7.7% from the March quarter.
With growth trends across Australia, it is a story of variability with
– Brisbane claiming the top spot as Australia’s most profitable market, with a profit-making sales rate of 99.1%.
– followed by Adelaide at 98.7%, and
– Perth at 95.4%
– Darwin and Hobart saw the biggest quarterly increase in the rate of loss-making sales across the capitals,
– while Melbourne and Sydney have become the second and third least-profitable cities after Darwin
According to the report houses remain the far more profitable property type and regions (95.7% of profit-making sales) outperformed the capital cities markets (93.8%).
Buying Assets that are profit generating upon consolidation is not mere luck, just browsing on the internet or walking into open homes on the weekend. This requires a strategy to identify regions at a macro level, proper due diligence of Assets that each every individuals portfolio & planning of Acquisition stage & when to consolidate.