Sales rise at a cost

Mercury (Hobart) - Property - - Front Page -

TWOofRPData’s lat­est re­ports have re­vealed the num­ber of prop­erty sales in Tas­ma­nia have in­creased over the past year, but sell­ers are still hav­ing to dis­count heav­ily on their ask­ing price.

The monthly prop­erty mar­ket and eco­nomic up­date for Jan­uary shows house sales were up by 32.6 per cent over the three months to Oc­to­ber 2013 in Ho­bart com­pared with the same time the pre­vi­ous year.

Unit sales were also up 17.8 per cent.

How­ever, Ho­bart has the high­est pro­por­tion of loss-mak­ing re­sales of all the cap­i­tal cities, ac­cord­ing to the lat­est ‘‘Pain and Gain’’ re­port for the Septem­ber quar­ter of 2013.

The Clarence re­gion recorded the high­est per­cent­age of loss­mak­ing re­sales at 26 per cent and a to­tal value loss of $1,229,500 for the quar­ter.

Glenorchy (24.1 per cent) and King­bor­ough (21.1 per cent) coun­cil ar­eas also have more than one in five re­sales at a loss. Ho­bart (10.1 per cent), Brighton (12.5 per cent) and the Der­went Val­ley (13.3 per cent) suf­fered the low­est pro­por­tions.

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