New data shows many Australians who’ve sold their homes in recent months have made an absolute motza, despite all the talk of rising rates and falling prices.

 PropTrack, the research arm of the REA Group, looked at property sales between March and July 2022 and has pinpointed the 95 pockets across the country where vendors have made the most considerable median profits.

 In a whopping 16 suburbs across the country, the median profit was more than $1 million, and in dozens more, those who offloaded their homes likely walked away with a fantastic six figures.

 In New South Wales, for example, the property pockets delivering recent sellers the biggest windfalls comprise a mixed bag of prestigious inner-city suburbs, beachside hotspots, and suburban family-favoured neighbourhoods.

 Sydney’s Northern Beaches had several of the best-performing suburbs, with median profits in Manly running at more than $1 million, which is an astounding result. 

 Areas in Sydney where homes sell for high prices unsurprisingly made the list, such as Double Bay (a median profit of $1.49 million) and Woollahra (a median profit of $1.23 million).

 Elsewhere in NSW, the hotspot of Byron Bay delivered recent sellers an enormous chunk of change, with a median profit of $1.13 million.

 Sun shining on Queensland sellers

 Hordes of Covid migrants flooded north from Sydney and Melbourne to the Sunshine State in recent years, putting intense pressure on the housing market.

 The activity was particularly intense in coastal hotspots, with the Gold Coast exceptionally popular, with sellers in Broadbeach Waters bagging a median profit of $892,500 in the three months to July.

 In Brisbane, the southern suburb of Carindale also ranked highly, with a median profit of $756,388. Mark Fluhart, Principal of Raine & Horne Carindale, was not surprised by this result. “Carindale is a sought-after suburb with buyers regardless of the market cycle because it offers generous size homes on big blocks, is well served by an excellent shopping centre close to the Brisbane CBD,” Mark said.

 South Australia produces great numbers

 According to PropTrack, the surprise packet of the real estate market this year has been Adelaide, where property prices continue to rise steadily, defying cooling trends seen elsewhere in Australia, with sustained high demand from buyers.

 Take Parkside in Adelaide’s inner-southern suburbs, where recent sellers have scored a median profit of $454,000. Con Pappas, Director, Director of Raine & Horne Unley, who has listed for sale a magnificent and luxurious family home at 12 Wilkinson Road, Parkside, is not surprised by the PropTrack revelation.

 Parkside is desirable and well-located, being around 2km from the Adelaide CBD and close to all essential amenities, including the Unley Shopping centre and the café/ restaurant precincts on Unley Road and Duthy Street. Local homeowners also have the Foodland Frewville, twice awarded the world’s best supermarket, only a 4-minute drive away.

 Schooling options are numerous, including zoning for Glenunga International High School. “A cosmopolitan, inner-city lifestyle is at the heart of Parkside’s appeal,” Con added. 

 Angus Raine, Executive Chairman, Raine & Horne, summed up, “If you buy in the right location such as Parkside, Manly or Carindale, and perhaps add some value, a property will sell well in any market when the time comes to move on.”