South Launceston has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.89% to date .
While South Launceston,7249 ranked number 117th in TAS for increase in median house value (annualised) increase, it is ranked 67th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that South Launceston is offering property investors an average of -6.89. This rate of discount on properties puts Suburb at number 65th in terms of most discounted suburbs in TAS
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.78%, without taking into account capital value appreciation, which has been averaging out at 2.12%.
South Launceston has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -13.33% to date .
South Launceston,7249 was ranked 1440 in Australia by increase in median property value over the quarter.
Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -11.07%. This puts suburb at number 3rd in TAS when ranking the most discounted suburbs.
Residents and property investors in South Launceston have been waiting around 115.27 days to sell a property.
Advertised rents are around the $270 mark per week – giving a return of 6.17% based on the median price in Suburb