A staggering number of Sydney property owners made a profit on reselling their homes in the first quarter of 2021.
Across the council regions of Sydney, the highest portion of loss-making sales were in Strathfield (16.1%), Parramatta (15.6%), and Botany Bay (15.0%).
These same areas saw the highest rates of loss-making sales in the previous quarter, however, the rate of loss-making sales has reduced in each LGA.
The council areas with the highest incidence of profitability in the March 2021 quarter were across the Northern Beaches (98.4%) followed by Woollahra (97.4%).
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