The Gain and Pain Report is a quarterly analysis of homes which were resold over the March 2015 quarter. It compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss. It provides a proxy for the performance of each housing market and highlights the magnitude of profit or loss the typical seller of a home makes across those regions analysed.
Here’s what it says for Adelaide and Regional SA:
Region | Loss | 10% to 25% Profit | 25% to 50% Profit | 50% to 100% Profit | 100% or more Profit |
Adelaide | 8.9% | 16.9% | 15.1% | 12.3% | 28.5% |
Regional SA | 20.1% | 15.0% | 12.5% | 9.8% | 24.6% |
Quite obviously these figures demonstrate that time is always important when investing in real estate. Generally speaking, the longer property is held, the more possibility of profit.
If you would like the report for all of Australia, let me know and I’d be happy to email you a copy.