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AAP
AAP
Politics
Poppy Johnston

Gen X, older millennials ride housing boom to the bank

Australia's real estate boom has meant those selling their homes are reaping large profits. (Richard Wainwright/AAP PHOTOS)

Australia's real estate boom has resulted in home owners pocketing hundreds of thousands of dollars in profits when selling with the median profit across the capital cities now approaching $400,000. 

The likelihood and size of profits at the point of sale has inflated as property values have tracked higher, with generation X and older millennials managing to capitalise the most from rising housing prices.

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