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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High-end homeowners are choosing to upgrade rather than relocate, investing in bespoke design, premium finishes and long-term lifestyle value.

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High-end homeowners are choosing to upgrade rather than relocate, investing in bespoke design, premium finishes and long-term lifestyle value.

By Jeni O'Dowd
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Australia’s prestige homeowners are increasingly choosing to reinvent their existing properties rather than enter an uncertain property market, fuelling what industry insiders are calling a “Renovation Revolution.”

From heritage terraces to coastal retreats, this shift reflects a deeper change in mindset. Homes are no longer viewed as stepping stones, but as long-term assets worthy of thoughtful investment and personalisation.

“Homeowners are approaching renovation with purpose, balancing lifestyle needs, design aspirations, and long-term return on investment,” says Jodie Cramer, CEO of Andersens, a national flooring and interior finishes company.

“Viewed through this lens, renovating often makes more financial sense than moving. Homeowners with built-up equity are confidently premiumising their space, achieving better returns on capital.”

More than half of Australian homeowners were planning renovation or improvement projects within a year, with many considering structural changes such as reconfigured floor plans, extensions, or even additional levels.

Personalisation becomes the ultimate luxury

For affluent homeowners, renovation is no longer driven solely by financial logic. It is about crafting environments that reflect individual lifestyles, values, and aesthetic sensibilities.

“Home upgrades allow families to customise their spaces,” says interior designer Delena Pitman.

“They’re not always looking to move up the property ladder; they want to make where they are feel more like home. Renovations give people the freedom to design functional, comfortable, and visually inspiring spaces.”

This trend aligns with the broader luxury movement toward intentional living, where design choices prioritise comfort, wellbeing, and enduring quality over short-term trends.

Jodie Cramer

Flooring sets the foundation for luxury interiors

Among the most transformative elements in any high-end renovation is flooring, which establishes the visual and tactile foundation of a home’s design.

“Think of flooring as the canvas for your entire home,” Pitman explains. “Once it’s chosen, everything else — furniture, lighting, window treatments, and accessories — becomes easier to select, and the space feels cohesive and intentional.”

Premium materials such as engineered timber, natural stone and luxury vinyl planks are increasingly favoured for their durability and aesthetic appeal, while softer textures like wool carpet add warmth and acoustic comfort to private spaces.

Continuous flooring across open-plan living zones enhances spatial flow, while darker tones such as walnut or charcoal introduce richness and sophistication.

Designing cohesive, layered spaces

Today’s most successful renovations are guided by a holistic design approach, where flooring, cabinetry, lighting and furnishings work in harmony.

“Change the floor, and everything else either harmonises or clashes — it’s the anchor of your interior design,” says Pitman.

“Once the floor is selected, you can choose wall colours to complement or contrast, coordinate cabinetry and countertops, and adjust lighting to provide bright task illumination or soft mood lighting.”

This layered approach allows homeowners to create interiors that feel both elevated and deeply personal.

Renovation as a strategic property investment

Beyond aesthetics, renovation is increasingly viewed as a strategic investment decision. In prime suburbs and lifestyle regions alike, improving an existing home often delivers greater value than purchasing anew.

This approach enables homeowners to preserve location advantages while enhancing liveability, energy efficiency and long-term capital value.

Whether upgrading a waterfront residence, modernising a federation home, or refining a contemporary coastal retreat, the message is clear: in Australia’s luxury property market, the smartest move is often staying exactly where you are — and transforming it into something exceptional

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