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Name: Property profits surge to highest levels in over a decade
Uploaded: 2024-08-22T11:12:51.359Z
Duration: 2 min 7 s
Description: While high interest rates are still creating challenges for some homeowners, sellers are benefiting from a cash windfall. According to Domain, property profits are at their highest level in more than a decade with a median return of $395,000 across Australia's capitals as prices remain at or around all-time highs.

Property profits surge to highest levels in over a decade

Published 22 August 2024, 11:00 am

While high interest rates are still creating challenges for some homeowners, sellers are benefiting from a cash windfall. According to Domain, property profits are at their highest level in more than a decade with a median return of $395,000 across Australia's capitals as prices remain at or around all-time highs.

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Finance

Australia