Property resale values continue to rise despite lockdowns

Australia’s property market has continued to soar throughout periods of lockdown, with the latest CoreLogic report finding that the three months to September 2021 saw the highest level of profitability in real estate for more than a decade.
The Pain & Gain report, which covers the September 2021 quarter, found that the rate of profit-making resales across Australia rose to 92.4%, up 50 basis points from the June quarter.
“The three months to September was the fifth consecutive quarter in which the rate of profit-making sales across Australia increased,” said Corelogic head of research, Eliza Owen.
Profit-making resales, when a property is solid for a profit on the price it was originally purchased for, have continued to rise as Australia’s real estate market grows stronger.
Resales had a typical hold period of 8.8 years, although properties held for more than 30 years had the highest median gain of over $745,000. Properties held for under two years had the highest nominal gains per year, with the median resale gains sitting at $120,000.
House resales continued to have a higher chance of nominal gain than units, although the report noted that the gap is narrowing. Regional Australia also saw a slightly higher rate of profit from resales than the capitals, however both saw an increase in profitability throughout the quarter.
The report noted a decrease in resale transactions during the period, with around 99,000 transactions analysed compared to 106,000 the previous quarter. Owen attributed this to social distancing measures, particularly the inability to physically inspect property across Melbourne.
Corelogic found that the national median nominal gain was $270,000, with total resale profits at $27.3 billion. Meanwhile median losses sat at $37,000, with total resale losses at $368 million.
Looking to make an entrance into the housing market? Check out some top fixed home loans below.
Top Fixed Home Loans - last updated 14 May 2022
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Basic Home Loan
Fixed, Owner Occupier, Principal & Interest, LVR<70%
interest rate
comparison rate
Initial monthly repayment3.59% p.a.
fixed 1 year2.54% p.a.No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.
CompareCompareBasic Home Loan
No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.
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- 4.79% p.a.
fixed 3 years
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- 3.02% p.a.
- interest rate
- 4.79% p.a.
fixed 3 years
- comparison rate
- 3.02% p.a.
- upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $400.00
- Extra repayments
- yes - up to $10,000 p.a.
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 70.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- $750,000
- type of mortgage
- Fixed
- Repayment types
- Principal & Interest
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- Owner Occupier
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- Monthly
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Fixed Rate Home Loan
Home Loan Package, Owner Occupier, Principal & Interest, LVR <80%
interest rate
comparison rate
Initial monthly repayment4.07% p.a.
fixed 1 year3.05% p.a.Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 May 2022 and settle by 31 July 2022.
CompareCompareFixed Rate Home Loan
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 May 2022 and settle by 31 July 2022.
- interest rate
- 4.67% p.a.
fixed 3 years
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- 3.47% p.a.
- interest rate
- 4.67% p.a.
fixed 3 years
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- 3.47% p.a.
- upfront fees
- $0
- Ongoing fees
- $390.00 yearly
- Discharge Fee
- $300.00
- Extra repayments
- yes - free up to $10,000 p.a.
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- $7,500,000
- type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
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- Weekly, Fortnightly, Monthly
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- Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 May 2022 and settle by 31 July 2022.
Read our Mozo Review to learn more about the Fixed Rate Home Loan
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Discount Fixed Rate
Owner Occupier, Principal & Interest, <80% LVR
interest rate
comparison rate
Initial monthly repayment4.69% p.a.
fixed 2 years3.54% p.a.Lock in a competitive rate for 2 years. Only 20% deposit required. Flexible repayment options and make up to $5,000 in additional repayments annually. Refinance to BOQ by 16 May 2022 and get $3,000 cashback (T&Cs apply).
CompareCompareDiscount Fixed Rate
Lock in a competitive rate for 2 years. Only 20% deposit required. Flexible repayment options and make up to $5,000 in additional repayments annually. Refinance to BOQ by 16 May 2022 and get $3,000 cashback (T&Cs apply).
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fixed 3 years
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- 3.94% p.a.
- interest rate
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fixed 3 years
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- 3.94% p.a.
- upfront fees
- $450
- Ongoing fees
- $10.00 monthly
- Discharge Fee
- $350.00
- Extra repayments
- yes - free up to $5,000 p.a
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- -
- type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
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- $3,000 refinance cashback, min $250,000, 80% LVR or less. Apply before 16 May 2022, settle by 31 August 2022.
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Mozo experts choice awards won:
- Split Home Loan - 2022
- Australia's Best Large Mutual Bank - 2021
Fixed Rate Home Loan
Owner Occupier, Principal & Interest, LVR<80%
interest rate
comparison rate
Initial monthly repayment2.99% p.a.
fixed 1 year2.53% p.a.Competitive fixed rates across 1 to 5 year terms. No application fee or annual fee. Free extra repayments (up to $10,000 per year). Winner of Australia's Best Large Mutual Bank 2021.
CompareCompareFixed Rate Home Loan
Competitive fixed rates across 1 to 5 year terms. No application fee or annual fee. Free extra repayments (up to $10,000 per year). Winner of Australia's Best Large Mutual Bank 2021.
- interest rate
- 4.19% p.a.
fixed 3 years
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- 2.92% p.a.
- interest rate
- 4.19% p.a.
fixed 3 years
- comparison rate
- 2.92% p.a.
- upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $275.00
- Extra repayments
- yes - free up to $10,000 p.a.
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- -
- type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly, Fortnightly, Weekly
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Read our Mozo Review to learn more about the Fixed Rate Home Loan
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Fixed Rate Loan
Owner Occupier, LVR<70%
interest rate
comparison rate
Initial monthly repayment3.39% p.a.
fixed 1 year2.88% p.a.Fixed rate home loan with unlimited extra repayments without penalty and unlimited redraw facility.
CompareCompareFixed Rate Loan
Fixed rate home loan with unlimited extra repayments without penalty and unlimited redraw facility.
- interest rate
- 4.49% p.a.
fixed 3 years
- comparison rate
- 3.32% p.a.
- interest rate
- 4.49% p.a.
fixed 3 years
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- 3.32% p.a.
- upfront fees
- $150
- Ongoing fees
- $350.00 yearly
- Discharge Fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 70.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- $249,999
- type of mortgage
- Fixed
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- Principal & Interest
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- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
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- Receive $4,000 cashback on eligible home loans over $700k for LVRs <80% for refinances, or new purchases with LMI. $3,000 cashback for loans between $500k and <$700k. Applications made before 31 May 2022, settled by 31 July 2022.
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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
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