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Tasmania's home values remain solid

Tasmania's property market is still weathering the headwinds of coronavirus.

Corelogic's new report finds Australia's home values have faded for the fourth month in a row, the biggest drag being Melbourne, reflecting its coronavirus lockdown.

Strong demand and low stock still defines Hobart's market, its index up 0.1% for August, and rising 0.3% for the quarter for a new median value of $490,743.

That is higher than Perth, Adelaide and Darwin, and not far off catching Brisbane.

Regional Tasmania's value was stable for the month, but it is a solid year's growth, just shy of 10%.