Giving property investors a an average capital gain of 4.05% for the last year, South Launceston, 7249 is the 2185th highest performer in Australia in this respect.
Comparing South Launceston,7249 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for South Launceston is $270000, with sellers offering an average of -7.20% off the asking price.
Property value increases in South Launceston have tracked close to the TAS average of 3.83% over the last 12 months.
Across a shorter period, South Launceston, 7249 has seen a median price increase of -2.76% over the last quarter.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Advertised rents are around the $255 mark per week – giving a return of 6.03% based on the median price in Suburb