At number 2471th in the list of Australian suburbs ordered by increase in median house value over the last year, South Launceston, 7249 is in the BOTTOM 50% with a property value increase of 3.77% recorded in median house prices.
Over the longer term, South Launceston has seen property prices show investors a 12.82% 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 -6.51% to property investors. South Launceston itself is showing figures that indicate -6.53% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
With a capital gain of -6.49% for the last 12 months, South Launceston, 7249 has performed for property investments than its average annual 5.39% property growth over the last 5 years.
South Launceston,7249 has offered an average of -6.49% return per annum in house price rises to property investors over the last three years.
At number 2nd of TAS’s most discounted properties, South Launceston is in the bottom 10% of the state/territory when listing in order of most discounted to least.
South Launceston, 7249’s gross rental yield is 5.05%