Property investors who have had real estate in South Launceston, 7249 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.97%
Over the longer term, South Launceston has seen property prices show investors a 13.29% return over the last 3 years. This is worse than over the last 12 months
South Launceston7249 is located in TAS which offers an average discount of -7.18% to property investors. South Launceston itself is showing figures that indicate -7.02% is the average achievable by property buyers investing in the suburb.
Residents and property investors in South Launceston have been waiting around 74.45 days to sell a property.
South Launceston is 55th on a list of best yielding suburbs for rents in TAS with a 5.81% return
Over the last year, property investments in South Launceston, 7249 have given investors a capital gain of 1.16%. This compares averagely with the 1.72% for TAS as a whole.
South Launceston,7249 was ranked 1594 in Australia by increase in median property value over the quarter.
Property investors should expect to get $260 weekly from the median priced house in this suburb.