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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Atlas Real Estate is reimagining how people connect with property, combining listings, market insights, local stories and lifestyle content in one destination for those buying, selling or simply exploring the market.

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Property has always been about more than buying and selling. A home can represent a fresh start, a long-term investment, an architectural idea or a connection to a particular neighbourhood. Even when people are not planning a move, many still enjoy following the market, researching local areas and discovering the stories behind remarkable homes.

Atlas Real Estate is responding to that wider interest by creating more ways for people to engage with property. Bringing listings, market information, local perspectives and lifestyle stories together, Atlas offers a destination for anyone curious about homes and the communities surrounding them.

It reflects the reality that people approach real estate with different needs and motivations. One visitor might be actively searching for a new home, while another may want to understand recent results in their suburb. Others might be keeping an eye on changing market conditions, exploring an unfamiliar area or simply appreciating thoughtful architecture and premium residential design.

At atlas.com.au, those interests meet in one place. Visitors can browse properties for sale and recent results, while also exploring market insights, featured homes, local stories and introductions to the people behind Atlas. The result is an experience designed to remain relevant before, during and after a traditional property transaction.

“We’re reimagining real estate around how people actually engage with property today — bringing together market insight, exceptional homes, local perspective and lifestyle in a way that feels more relevant and useful,” says Michael Coombs, Director of Atlas Real Estate.

That approach recognises that an interest in property rarely begins on the day someone decides to buy or sell. A future buyer may spend months learning about suburbs, monitoring prices and refining their sense of what they want. A homeowner might follow nearby sales to understand the changing value and character of their area. An investor may be looking for broader market context, while a design enthusiast may be drawn to an exceptional renovation or a distinctive piece of architecture.

By accommodating those different forms of curiosity, Atlas aims to make engaging with real estate feel less transactional and more connected to everyday life. Property is shaped by its surroundings: the streets, businesses, landscapes and people that give a place its identity. Understanding a home therefore means looking beyond its floor plan or sales history to consider the lifestyle and community that come with it.

This broader perspective also gives local stories a meaningful role. Suburbs are constantly evolving, influenced by new businesses, changing demographics, design trends and the people who choose to make them home. Content that explores these forces can help readers build a richer understanding of an area, whether they are preparing to move there or simply want to stay informed about their own neighbourhood.

The same is true of market information. Sales results and property data are most useful when they are accessible and supported by context. Bringing recent results together with insights and local knowledge can help people follow the market on their own terms, without suggesting that every visit must lead immediately to a transaction.

For Atlas, this thinking forms part of “Real Estate, Reimagined”, its broader brand campaign focused on using brand, creativity and technology to deliver a more relevant, useful and human real estate experience. Rather than treating technology as an end in itself, the emphasis is on how it can make property easier and more engaging to explore.

That human focus matters because real estate decisions are often closely tied to significant moments in people’s lives. A move may be connected to a growing family, a new job, a change in lifestyle or a long-held ambition. Even outside those milestones, homes and neighbourhoods remain a source of interest because they reflect how people live and how communities develop.

Atlas’s approach makes room for both the practical and aspirational sides of that interest. Readers can seek out information with a clear goal in mind or browse simply because a property, place or story captures their attention. In either case, they can move easily between homes, results, market perspectives and local inspiration.

The ambition is not to redefine why people care about property, but to reflect the many reasons they already do. By combining useful information with engaging editorial content, Atlas is creating a place for buyers, sellers, homeowners, investors and the property-curious alike.

Whatever brings you to property, discover more at atlas.com.au

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