Hobart made up less than 1% of resale profits this quarter: CoreLogic Pain & Gain

The resale of Hobart residential properties over the March 2018 quarter generated $137.2 million in profits and just $1.161 million in losses.

Based on these figures, Hobart accounted for 0.9% of profits nationally over the quarter and 0.3% of losses, according to the CoreLogic pain and gain report.

With strong value growth continuing in Hobart, all council regions recorded less than 7% of resales at a loss.

There were no resales at a loss in Brighton and very few in Kingborough and Glenorchy while Sorell was the only council region with more than 5% of resales at a loss.

Although growth rates may moderate from their recent highs, it’s likely such strong growth conditions over recent years will continue to see a relatively low proportion of loss making sales.