News TAS Derwent Valley resales at loss still high, but Hobart sales are increasingly profiable: CoreLogic Pain and Gain
Derwent Valley resales at loss still high, but Hobart sales are increasingly profiable: CoreLogic Pain and Gain
Staff reporterDecember 7, 2020
Hobart recorded 7.6% of houses and 10.9% 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.
The chart below relates to Hobart only losses in houses versus units.
The Hobart (5.9%), Clarence (9.1%) and Kingborough (11.0%) 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%), Derwent Valley (17.4%) and Sorell (15.0%).
