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The vast majority of houses sold in the Perth metro area last quarter made a profit, with every property in Cottesloe and East Fremantle making a buck.

Among all home owners who sold in the June quarter for a gain, the median nominal gain was $324,000, Cotality’s Pain and Gain Report, released today, showed.

Most property sales in Perth are making a buck. Credit: Ross Swanborough

The median profit for a Cottesloe house was $694,750 – putting it third on a national list of biggest gains – while in East Fremantle it was $440,000.

Most people who sold for a profit held on to their property for nine years.

Of the few that sold at a loss, most were in the local council area of Perth, which recorded 13.3 per cent of sales at an average loss of $40,000,

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