Hobart only capital to dodge home price falls

Hobart’s market conditions are relatively stronger than other cities, says Eleanor Creagh, REA Group senior economist. Picture: Supplied Last month, Hobart eased off the market’s downward slide. Now it’s come to a complete stop. The latest realestate.com.au Home Price Index shows no change in Hobart through October, making it the only capital city that did not record falling median home values. Annually, Hobart is near the top of the growth table too. Prices in the southernmost capital are 4.6 per cent higher now than they were at the same time last year. Only Darwin recorded larger growth. The largest capitals, Melbourne and Sydney, fell by over 6 per cent. Hobart remains just 0.6 per cent below its highest home price on record, which was set in May this year. The median is $734,000, which is $114,000 higher than Darwin, and just $81,000 below Melbourne. MORE: Buy a home, help change Tassie lives: House of Hope for sale Pews to possibility: Buyers flock to inspect West Hobart church Green building, blue-chip tenant: Launceston office tower for sale ‘Spooky’: shock city suburbs now ghost towns No.13 Tranmere Rd, Howrah is on the market seeking $900,000-plus. No.24 Margaret St, Sand...