More sellers are profiting on the sale of their Gold Coast homes.

MORE homeowners are pocketing extra cash on the sale of their Gold Coast properties, new research reveals.

CoreLogic’s latest Pain and Gain report shows more properties sold at a profit in the June quarter compared to the first three months of the year, jumping from 2333 to 2375.

However, the number of properties that sold at a loss remained the same at 325.

An increased number of sales during the period meant the proportion of profit making resales increased from 87.8 per cent to 88 per cent while loss making resales dropped from 12.2 per cent to 12.

The report showed the Glitter Strip was one of many major coastal regions across the country to improve.

The same number of properties sold at a loss in the first and second quarter of the year.

“Most of the major coastal markets across the country that have been analysed have seen their share of resales at a loss decrease over the June 2019 quarter,” the report said.

“As a result of these conditions, in most of the regions resale losses generally remain at quite low levels with Bunbury (30.3 per cent) and Cairns (24.8 per cent) the clear exceptions.

“The proportion of homes resold at a loss decreased over the quarter in Illawarra, Richmond-Tweed, Bunbury, Cairns and Gold Coast with increases recorded elsewhere.”

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Ray White Broadbeach Waters principal Mitch Palmer said the slight improvement was a good sign.

“The fact that the number of properties selling at a profit has increased is a sign the market is heading in the same direction,” he said.

“If you want to buy, get in now because prices will start to go on the rise.”

He said conditions had already improved since June and expected them to continue to.

“All the right ingredients are there for price growth,” Mr Palmer said.

Looking at regional Queensland as a whole, the report found that 84.3 per cent of houses and 73.8 per cent of units resold at a profit.

Brisbane’s property market continued to be ‘safe as houses’ with 93.4 per cent of homes sold at a profit during the last quarter.

But apartment sales continued to struggle with the share of properties (houses and units combined) resold for a loss at 13 per cent, the highest since September 2013.

“The last time we saw the regional area of the state outperform the capital, with regards to the proportion of profit making resales, was in 2006,” CoreLogic’s head of research Tim Lawless said.

“Regional Queensland housing market conditions have been through a steeper downturn relative to the capital city, with values remaining 5.5 per cent below their 2008 peak compared with a 2.5 per cent drop in Brisbane values from the market peak.”

– with Samantha Healy