Over 90% of homes sold for a profit

Home sellers have been busy locking in gains, with new data showing the number of resellers making a profit is on the rise.

According to CoreLogic, 92.8% of resales sold for a profit, up 40 basis points from the previous quarter.

The increase coincides with a 2.8% lift in home values nationally, as prices continue to drift higher on the back of surging demand and tight supply.

The median gains from resale were $290,000 in the quarter, while Adelaide was the market with the most profitable resales at 98.2%.