Hobart the poorest performing capital city for property profit

Hobart the poorest performing capital city for property profit
Hobart the poorest performing capital city for property profit

Hobart’s weak housing fundamentals sees it having the highest proportion of loss-making re-sales of all capital cities (12.3%) over the March 2015 quarter.

However the CoreLogic RP Data pain gain report noted the proportion was falling, to be lower than the previous quarter (14.6%) and also the previous year (14.3%).

Sorrell (17.5%), Derwent Valley (15.8%) and Brighton (15.0%) council areas had the highest proportion of loss-making resales over the March quarter.

The proportion of loss-making resales was lowest in Hobart (10.4%), Glenorchy (10.9%) and Kingborough (12.1%) council areas. 

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Hobart the poorest performing capital city for property profit

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Hobart Performance

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