Kingborough, Brighton and Sorell return Hobart's most profitable resales: CoreLogic Pain & Gain

Hobart resales of properties over the June 2018 quarter generated $134.3 million in profits and $1.595 million in losses, according to the latest CoreLogic Pain and Gain report.

The report noted that, based on these figures Hobart accounted for 0.9% of profits nationally over the quarter and 0.3% of losses.

Value growth has slowed over the quarter and as a result the share of resales at a loss has increased.

Kingborough, Brighton and Sorell had the fewest resales at a loss while Derwent Valley, Glenorchy and Hobart had the highest share of resales at a loss.

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