Corelogic recently released its pain and gain report with Tree Gully having the highest rate of profit-marking resales at 99.1 per cent.
“This may reflect a surge in popularity across the northern suburbs of Adelaide through the current upswing, which present relatively affordable housing prices, alongside reasonable commutes to beaches and major employment hubs,” the report reads.
The properties that sold in the LGA during the June quarter have a median hold period of 9.5 years, with the total value of profit being $63,200,663 and the median profit being $150,000.
The Reserve Bank of Australia has kept interest rates on hold today, maintaining its cautious approach. This decision reflects growing uncertainties in the global economy, particularly stemming from US trade policies and ongoing geopolitical tensions. The Australian economy continues to show unexpected resilience, with unemployment remaining relatively low and consumer … Read more
Federal Treasurer Jim Chalmers handed down his fourth federal budget. This year the budget is in a deficit, meaning it will spend more than it earns, with the government saying it was designed to help Australians with the cost of living. We have broken down some of the key takeaways … Read more