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AAP
AAP
Business
Aaron Bunch

Flipping good deal: property profits hit a 14-year high

Profits from home sales have soared to a 14-year high, driven by growth in Adelaide and Brisbane. (Lukas Coch/AAP PHOTOS)

The number of Australian homeowners making a profit from the sale of their dwellings climbed to the highest rate in more than a decade.

More than 94 per cent of about 85,000 sales in the first quarter of the year recorded a nominal gain, according to CoreLogic's Q1 2024 Pain and Gain report.

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