A new report by property researcher CoreLogic has found that the property market in rural and regional areas experienced a boom in the last financial quarter. The latest Corelogic Pain and Gain report found that just over 88 percent of housing sales made a gain in the September quarter, translating into $24.8 billion in profits. This was an increase of $5 billion from the June quarter 2020. CoreLogic’s Head of Research Australia, Eliza Owen said these figures reflect the property market’s resilience through 2020, with regional areas near the coast proving the most popular for house hunters. “Each of the greater capital city markets, with the exception of Melbourne, saw an increase in the rate of profit-making sales over the September quarter,” Owen said. “The highest rate of profit-making sales was across Hobart, which has been the case since March 2018.” Coastal regional markets were particularly valuable for sellers, with profit-making sales representing …