The RP Data Pain & Gain report is a quarterly assessment of realised gross profit and loss based on dwelling re-sales over the June quarter of 2014.
- 9% recorded a gross loss from the original purchase price.
- Gross value of the losses associated with these loss making re-sales totalled $398.3 million
- 91% of all June 2014 quarter re-sales recorded a gross profit relative to their original purchase price. The gross profit from these re-sales equated to $14.4 billion.
- 9% of all homes that resold over the second quarter of 2014 recorded a gross loss compared with original purchase price - down from 9.7% at the end of the first quarter of 2014 and much lower than the 11.5% recorded over the June 2013 quarter.
- The gross value of losses on homes re-sold over the quarter was recorded at $398.3 million
- The average gross loss per loss making transaction was $63,097.
- 91% of all re-sales over the June quarter of 2013 transacted at a gross profit, with 30.5% of all re-sales at least doubling their money compared with their original purchase price.
- Gross profit on resales was $14.4 billion
- Average gross profit per profit making transaction was $225,830.
- Download the Pain & Gain report.
See RP Data Website
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