The Cotality Pain and Gain report analyses approximately 101,000 Australian residential resale transactions from the March 2026 quarter. It finds that 96.0% of resales were profitable, setting a record median gain of $377,000, while the median loss remained $45,000. Houses outperform units (98.1% vs 91.9% profit rates) and Brisbane is the most profitable capital (99.8% profit rate, $525,190 median gain). Regional markets out‑perform capital cities in profit rates (97.7% vs 95.0%) though median gains are lower. The top LGA by median gain is Noosa ($729,750). Longer hold periods boost house profitability, whereas unit losses are linked to local market conditions. The near‑term outlook warns of flat national hedonic price growth in May and emerging declines in Sydney and Melbourne, suggesting a potential downturn despite divergent city‑level dynamics. The report includes detailed tables on city, regional and LGA performance, hold‑period distributions, and a rolling three‑month profit‑rate versus capital‑growth chart. Disclaimers note data sources and limited liability.
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Record‑high resale profitability despite slowing capital‑growth
National profit‑making resale rate rose to 96.0% and median gain hit $377,000, even as quarterly home‑value growth fell to 2.0%.