With a capital gain of 2.64% for the last 12 months, South Launceston, 7249 has performed for property investments than its average annual 2.30% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, South Launceston,7249 has racked up an average of 2.64% over the period. This ranks it number 2518th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -7.25%. This puts suburb at number 54th in TAS when ranking the most discounted suburbs.
At number 1645th in the list of Australian suburbs ordered by increase in median house value over the last year, South Launceston, 7249 is in the BOTTOM 10% with a property value increase of -16.07% recorded in median house prices.
A 3.07% growth in median value for property investors in South Launceston,7249 puts this suburb at number 21th in terms of best performing suburbs in TAS
Property buyers and investors in South Launceston 7249 should be seeing an average reduction in asking price of around -10.66% . This means that South Launceston is holding prices well when compared to other suburbs in TAS.
Property investors should expect to get $250 weekly from the median priced house in this suburb.