Hobart the poorest performing capital city for property profit
Michael CrawfordDecember 7, 2020
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.
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.