TAS has seen average median house prices change by 4.95% which means that South Launceston, 7249 has done well for property investors by showing a capital gain of 3.85% over the last year
The five-year average increase in median property values for South Launceston,7249 has given property investors a potential capital gain of 9.53% across each of those five years.
Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -7.02%. This puts suburb at number 71th in TAS when ranking the most discounted suburbs.
In the last year 106 properties changed hands in South Launceston, which puts it as the 12th most active market in TAS when comparing the number of sales per suburb.
South Launceston is 49th on a list of best yielding suburbs for rents in TAS with a 5.78% return
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 2.17%
Comparing South Launceston,7249 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in South Launceston are currently offering property investors an average price cut of -10.36% below the asking price at the moment.
Advertised rents are around the $255 mark per week – giving a return of 5.64% based on the median price in Suburb