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Melbourne Region Boasts High Profit Sales

By Jamil Allouche

Owners of property in Brunswick could potentially see a great result on the sale of their homes, as a new report from RP Data has shown more houses are recording profits.

The RP Data Pain and Gain report for the September 2013 quarter showed only 7.7 per cent of homes that re-sold in the Melbourne region incurred a loss. This is a notable improvement since the previous quarter when the figure was 8.2 per cent.

Melbourne's results were substantially lower than the national average, which was 11.1 per cent. This shows the strength in the Melbourne market at the moment and may be a sign of encouragement for those who wish to list Carlton real estate on the market.

Interestingly, homes in Melbourne's inner and middle suburbs saw high sales profits over this period, with the Moreland region recording a median profit of $211,500.

This activity could be due to many factors, such as high property value growth over 2013 and strong buyer activity. In fact, RP Data recorded an 8.7 per cent rise in value for units and 8.5 per cent for houses in Melbourne, which could lead to positive sales results for many homeowners.

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