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If Robert Wright were to sell all his homes today, forecasters say he could expect to make over $52.2m million in profit.

Miriam Bell05:00, May 25 2021 RNZ In November, Jacinda Ardern said: 'It just cannot keep increasing at the rate that it is' when asked about rising house prices. Houses sold in the first part of this year made their owners the highest level of profit on record, new CoreLogic data reveals. The property research company’s latest Pain and Gain Report found the median national gain made by people selling an existing house between January and March was $315,000, up from $291,000 at the end of last year. At the same time, the proportion of profit-making resales increased to 98.9 per cent, which...

MacroBusiness Access Subscriber Only Content at 9:30 am on April 30, 2021 | 16 comments CoreLogic’s most recent Pain & Gain Report revealed that 16.8% of unit owners sold their properties for a loss in the December quarter of 2020, which was more than double the losses for houses (7.6%): Loss making unit sales are more than double that for detached houses. The latest rental data also showed that unit rents fell 1.7% nationally in the year to March, driven by heavy falls across Melbourne and Sydney: Annual rents fell across Melbourne, but were turbo-charged across Darwin and Perth. Fed up wi...

Source: CoreLogic [AUCKLAND, NZ, 16 March 2021] CoreLogic New Zealand’s latest Pain and Gain Report for Q4 2020 found profit-making residential property resales between October and December increased to 98.4%; 20 basis points higher than the previous record of 98.2% in Q4 2005. This national median resale gain equated to $276,000, with a median hold period of 7.3 years. On the flipside, 1.6% of resales in Q4 2020 were made below the original purchase price, or a median resale loss or ‘pain’ of just $25,000. The Pain and Gain Report is New Zealand’s only regular analysis of...

RNZ In November, Jacinda Ardern said: 'It just cannot keep increasing at the rate that it is' when asked about rising house prices. The percentage of people selling their houses for a profit hit the highest level since records began, back in the mid 1990s, in the last months of 2020, according to a new CoreLogic report. CoreLogic’s latest Pain and Gain Report found that 98.4 per cent of property resales between October and December last year made a profit compared to the price the owners bought them for. That figure was 20 basis points higher than the old record of 98.2 per cent in the la...