Hobart home prices still sliding

Hobart homes prices have slipped slightly again.

The PropTrack Home Price Index for Hobart dipped just over half a percent in August from the previous month.

That means Hobart’s median for all dwellings has drifted lower to $719 000, down around 1.7% since the peak earlier this year.

PropTrack is forecasting more significant falls for Hobart as interest rates keep pushing upwards.

The downturn has not kicked in yet for regional Tasmania where home prices were unchanged for August and at their peak, up more than 15% over the last year.