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The Canberra Times
The Canberra Times
National
Brittney Levinson

South Coast sellers cash in, but it comes at a cost for renters

South Coast Melissa Williams ACM
The sale of 2/5-7 Golf Avenue, Mollymook on the NSW South Coast resulted in a $880,000 gain, six years later. Picture: Ray White Surfside Properties - Ulladulla

Property sellers on the NSW South Coast enjoyed huge gains in the last quarter of 2021 but one agent warned the high number of investors cashing in their properties was exacerbating the regional rental crisis.

CoreLogic's Pain and Gain report revealed 94 per cent of sales in regional Australia turned a profit in the December 2021 quarter, compared with 93.7 per cent of capital cities.

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