Coastal havens where home owners are hitting pay dirt

Homeowners in Kiama, New South Wales, achieved a median profit of $730,000 from property sales, leading Australia in the December quarter, according to Cotality’s Pain & Gain Report. This trend is driven by high demand for coastal living and a limited supply of properties. The average holding period for profit-making resales in Kiama was ten years.

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Summary by Glance · Original reporting by SMH