Beautiful Young Asian Woman Holding Paper House Cutout Isolated White Background Min

๐—ฉ๐—ฎ๐˜€๐˜ ๐— ๐—ฎ๐—ท๐—ผ๐—ฟ๐—ถ๐˜๐˜† ๐—ผ๐—ณ ๐—›๐—ผ๐—บ๐—ฒ๐˜€ ๐—ฆ๐—ฒ๐—น๐—น๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐—ฎ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐˜

Buy and hold tends to be a profitable real estate strategy, judging by recent CoreLogic data.

An analysis of 76,000 resales in the March quarter found 92.3% of homes were sold for more than the purchase price โ€“ including 97.7% of houses and 82.5% of units.

The median nominal gain for resales was $276,500. As the graph shows, the longer you hold, the greater your profit tends to be.

"Ultimately the portion of sellers making a nominal gain remains high, and rising home values nationally for the months of March, April and May suggests that the housing market downturn saw a trough in February of this year," CoreLogic head of research Eliza Owen said.

"There may be some motivated selling reflected in the next few quarters, where property owners willingly sell at a loss to avoid rising mortgage interest, but ultimately profitability is expected to remain elevated as positive capital growth trends return to the market.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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