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.

Click to enlarge

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%).

Click to enlarge

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