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Hobart top of profits

Profits from selling homes in Hobart still lead the nation.

A new Corelogic Pain and Gain report for the three months to March 31 found 99% of Greater Hobart properties sold for a higher price than the previous time they changed hands.

It sees Hobart retain the crown for Australia's highest rate of profitability which it has held since September 2018.

The Derwent Valley and Kingborough both recorded 100% of properties selling for a profit in the quarter.

CoreLogic notes that Hobart and Sydney are the only capitals where dwelling values doubled in the past 10 years.