Derwent Valley resales at loss still high, but Hobart sales are increasingly profiable: CoreLogic Pain and Gain

Hobart recorded 7.6 percent of houses and 10.9 percent of 
units reselling at a loss over the September
 2016 quarter, according to CoreLogic's latest Pain and Gain report.

The property data firm says that the occurrence of resales at a 
loss has fallen over the quarter for houses and units in Hobart.

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The Hobart (5.9 percent), Clarence (9.1 percent) and Kingborough (11.0 percent) council areas had the 
lowest proportion of loss-making resales over the quarter.

The instances of resale loss were much higher in: Brighton (18.2 percent), Derwent Valley (17.4 percent) and Sorell (15.0 percent).

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