Across greater Sydney, the rate of profit-making sales increased 110 basis points in the March 2021 quarter, to 93.6%.
Both house and unit markets saw an increase in the rate of profit-making sales, with loss-making sales down to 3.2% in the housing segment, and 10.6% across units.
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%).