Craig

Well, this is sobering.

Rob McNally, a former White House energy advisor, had this to say on 60 Minutes.

Yeah, that doesn't sound good at all.

And it just goes to show just how tenuous the energy supply is around the world.

Now, if you're an Australian homeowner, this has come in from Domain's profit and loss report that has just dropped.

Around 97.5% of house resales and 88.3% of unit resales are turning a profit.

And get this, the median resale profit now stands at about $440,000 for houses and $228,000 for units.

And off the back of that, let's take you to Sydney and catch up with Nicola Powell, the Chief of Research and Economics at Domain.

And yeah, according to that report of yours, plenty of decent money being made around the country from these resales.

Yeah, let's go around the country and check in on Brisbane and Perth.

Now, they're leading the current wave of housing wealth creation.

Both cities recorded 99.5% of house resales at a profit, meaning almost every seller walked away ahead.

And let's have a look at Sydney, because Sydney continues to dominate when it comes to share scale.

Of course, it's going to do that with the highest median resale profit in the country, $750,000.

And then sort of going back to your point, that is just the median.

So there is vast amount of selling power in that upper echelon.

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