Christies Beach Welcome to the latest RP Data Pain and Gain report for the September quarter of 2013, released last week. The report provides a quarterly assessment of realised gross profit and loss based on dwelling re-sales over the September quarter of 2013.
Excerpt from the Pain and Gain report
Over the third quarter of 2013 RP Data recorded 69,949 residential property re-sales nationally; of these 11.1% recorded a gross loss from the original purchase price. The gross value of the losses associated with these loss making re-sales totalled $488.1 million. Conversely, 88.9% of all September quarter re-sales recorded a gross profit relative to their original purchase price. The gross profit from these re-sales equated to $12.6 billion.
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