Australian housing remains highly profitable on average, but the share of homes sold for a profit is falling as the downturn deepens, according to The West Australian. The outlet reports that profitability is still “exceptionally high,” even though conditions are becoming less favourable than during the most recent boom.
The report frames the change as a move down from a record high, describing it as the market “shaving some cream off the top of values.” While houses are still frequently sold above purchase price, the proportion of profitable sales declines as prices and buyer demand weaken.
Both versions of the story emphasize the same broad trend: high profitability persists, but the rate of profitable outcomes is cooling compared with the peak years of spectacular gains.
