Earned good money this year? Your house might have earned you more
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Earned good money this year? Your house might have earned you more

CoreLogic’s Pain & Gain report showed record results for Australian home sellers in the past three months

By KANEBRIDGE NEWS
Wed, Dec 18, 2024 7:00amGrey Clock 2 min

How much did you earn this year? Was it more than $295,000?

That’s the median profit Australian home sellers made in the past three months according to data from CoreLogic released today. The property data provider released its Pain & Gain Report for the September quarter analysing 95,000 dwelling resales. The gains revealed the highest results since records began in the 90s. Total nominal gains were also higher, at $33.98 billion up from $33.3 billion in the previous quarter.

Source: CoreLogic

Australians are also holding onto their homes for longer, with the median period of home ownership now 9 years. For those who sold this year, that means they bought in 2015. The report noted that national home values have increased 57.7 percent in that time

Houses continued to represent the best option for capital growth, with just 2.9 percent selling at a loss compared with 9.4 percent of units. Homeowners who held their properties for two years or less were most susceptible to losses. 

CoreLogic head of research Eliza Owen said units were historically more likely to sell at a loss but the likelihood had grown across all properties held for shorter periods in recent years.

The impact on mortgage holders would vary, however, depending on whether they were owner occupiers or investors.

“Investors are potentially in a better position to sell at a loss, because they may be able to offset that loss on future capital gains from property,” she said. “Three years on from mortgage rate lows, the incidence of loss is rising for those who have held between two and four years.”

Indeed, not every home seller walked away with a tidy profit this quarter. The report noted Melbourne was the only capital city to experience a further downturn in values, with 9.9 percent of properties selling at a loss.

The median nominal loss was -$40,000 and the total nominal loss was $270 million over the quarter.

 



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Tammy Hembrow lists Broadbeach Waters riverfront home

The influencer and fitness entrepreneur is offloading the four-bedroom Main River residence she has called home since 2020 following her split from ex-husband Matt Zukowski.

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Fitness entrepreneur and social media personality Tammy Hembrow has put her Broadbeach Waters mansion on the market, ending a six-year stint in the riverfront home she has regularly featured in content shared with her millions of followers.

Hembrow bought the property in June 2020 for $2.88 million.

Sitting on an oversized 979sqm allotment with north-east orientation and more than 30 metres of river frontage, the double-storey residence is set behind security gates at the end of a quiet cul-de-sac.

The home has been a fixture of Hembrow’s online presence for years, serving as the backdrop to family life and business updates for the mother-of-three, who also lived there with her former husband, Love Island Australia star Matt Zukowski, before the pair separated in mid-2025 following a brief marriage.

Inside, the residence centres on an open-plan kitchen, lounge and dining area that opens onto the pool and alfresco entertaining space, designed to make the most of the Gold Coast’s indoor-outdoor lifestyle.

Upstairs, the master suite includes a walk-through robe, dedicated dressing room and ensuite, alongside two further bedrooms, while a fourth bedroom downstairs offers separate access for guests or extended family. A multi-purpose room adds flexibility for use as a media room, home office or children’s retreat.

Outdoor features include a tiled pool, built-in barbecue and bar area, firepit and private boat ramp — amenities suited to the waterfront entertaining lifestyle the Broadbeach Waters pocket is known for.

The property is being marketed by Jay Helprin of Ray White through an expressions of interest campaign, with private inspections only and no scheduled public opens.

Hembrow, who built her public profile from 2014, documenting her fitness journey through three pregnancies, went on to launch fitness app TammyFit, which has since been downloaded more than a million times.

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