Hobart's Brighton and Derwent Valley property sellers cop sale pain: CoreLogic

Hobart's Brighton and Derwent Valley property sellers cop sale pain: CoreLogic
Hobart's Brighton and Derwent Valley property sellers cop sale pain: CoreLogic

Some 9.6% of Hobart houses and 14.5% of units resold over the June 2016 quarter were at a loss, according to the latest CoreLogic Pain and Gain report. 

The CoreLogic report compares the most recent sale price to the previous sale price in order to determine whether the property sold at a gross profit or gross loss.

Both property types recorded an increase over the quarter, however year on year there's some joy – 13.5% of Hobart homes resold over the June 2015 quarter were at a loss.

The Hobart metropolitian council regions with the highest proportion of loss making resales over the quarter were: Brighton (18.2%), Derwent Valley (17.4%) and Sorell (15.0%).

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Hobart's Brighton and Derwent Valley property sellers cop sale pain: CoreLogic

The proportion of loss-making resales was lowest in Hobart (5.9%), Clarence (9.1%) and Kingborough (11.0%) council areas.

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Hobart's Brighton and Derwent Valley property sellers cop sale pain: CoreLogic

Get the full report here.

Tags: 
Hobart Corelogic Pain & Gain

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