Source: CoreLogic
[AUCKLAND, NZ, 16 March 2021] CoreLogic New Zealandâs latest Pain and Gain Report for Q4 2020 found profit-making residential property resales between October and December increased to 98.4%; 20 basis points higher than the previous record of 98.2% in Q4 2005.
This national median resale gain equated to $276,000, with a median hold period of 7.3 years. On the flipside, 1.6% of resales in Q4 2020 were made below the original purchase price, or a median resale loss or âpainâ of just $25,000.
The Pain and Gain Report is New Zealandâs only regular analysis of specific property resales and how they compare to the homeâs previous purchase price.