Botany Records 100% Profit accroding to News

BOTANY is one of only two Sydney council areas where 100 per cent of properties sold in the June quarter made a profit on the last time they were purchased.

The latest RP Data, Pain and Gain report showed Botany Bay recorded a profit of 100 per cent. The Randwick local council area has also fared well recording a profit of 95.3 per cent.

RP Data research analyst Cameron Kusher said the likelihood of making a gross profit, or loss, was often based on the length of property ownership.

The average hold period for a house in botany is 14.8 years.

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