Profit-making sales across Brisbane increased 90 basis points to 90.1% through the June 2021 quarter.
This marks the first time profit-making resales have been above 90% since the three months to January 2018.
Higher levels of profit-making sales were driven by a 90 basis point rise in the housing segment, and a 180 basis point jump across the unit segment over the quarter.
The rate of profit-making house resales was at 98.0% in the three months to June, though unit profitability remained 25.4 percentage points lower, at 72.6%.
Thus, while profitability in the unit market of Brisbane is improving, the gap in profit-making resales is the second-highest of the capital city markets (behind Darwin).
The highest rate of loss-making sales in Brisbane was across the Brisbane Council, where 11.9% of resales saw a loss.
The median loss across Brisbane Council was $35,000. 64.7% of these were investor-owned units.
The highest rate of profit-making sales was in the Somerset LGA, where 96.6% of resales made a nominal gain.
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