Jul 12 - Highly Profitable
Private residential property owners pocketed at least $20.3b in gross profits since the property market recovered in 2H2009, based on caveats lodged. The actual figure is likely to be higher as we could only match 80% of the caveats in the secondary market and we did not include gains from collective sales, which had a total estimated sales value of over $5.5b in the same period, from 2H2009 to 1H2012. Much of these profits presumably found their way back to the property market, fueling developer sales to more than $60.1b in the same period, based on caveats lodged.
|Jul 12 Highly Profitable|