Queensland sellers walking away with a fortune
Homeowners across Brisbane, the Gold and Sunshine Coasts pocketed hundreds of thousands in profit selling properties in the first half of this year – and experts predict much more to come across the South East.
A surge in property interest saw Brisbane homeowners walk away with between $172,000 and $175,000 in median gross profit during the six months to June, according to exclusive CoreLogic analysis for The Sunday Mail.
All across the region, homeowners have raked it in with Greater Brisbane – made up of the council areas of Brisbane, Logan, Redland, Moreton and Ipswich – drawing the bulk of the property winnings in SEQ.
Collectively homeowners in Greater Brisbane saw $1.821billion gross profit in the June quarter and $2.036b in the March quarter.
It’s a stunning tale, repeated across the region with Logan homeowners seeing median profit between $93,250 and $97,250 over the two quarters; Ipswich was at $65,000 to $68,000; Redland $109,350 to $115,000 and Moreton $90,000 to $90,250.
The coastal zones were strong too with Gold Coast sellers landing median profit between $125,000 and $127,500 while on the Sunshine Coast they were looking at between $131,000 and $142,750.
The strongest result though came out of Scenic Rim where the highest median profit of all the council regions emerged between $212,500 and $239,000.