More sellers turning a profit than at any other time in the past 15 years | The Business | ABC NEWS скачать в хорошем качестве

More sellers turning a profit than at any other time in the past 15 years | The Business | ABC NEWS

More sellers of residential houses and units in capital cities are turning a profit than at any other time in the past 15 years. That's according to listings agency, Domain, which says extraordinary capital growth is providing a buffer against rising interest rates and inflation. Chief of research and economics at Domain, Nicola Powell says the profits are often in the hundreds of thousands of dollars as house prices rise. "We are seeing that people are staying in their homes for longer, so that does mean they're reaping the benefits from multiple property price cycles, and we're really seeing that when they go to resell that property, it's (the profit is) hundreds of thousands of dollars," she says. She says the people benefitting the most are those selling to downsize. "When you think about 70 per cent of Australia's household wealth is tied to the value of our homes, when you look at that wealth creation, it's really understandable why we can see the increase of the banker mum and dad and that kind of intergenerational wealth transfer," she says. While Ms Powell says this data shows the people holding onto their homes are likely to be shielded from the impacts of higher interest rates and inflation, the most vulnerable cohort are first home buyers. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-03-1... ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia