TAS has seen average median house prices change by 3.12% which means that South Launceston, 7249 has done well for property investors by showing a capital gain of 3.41% over the last year
Over the longer term, South Launceston has seen property prices show investors a 12.77% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that South Launceston is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 93th in terms of most discounted suburbs in TAS
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 5.89%
South Launceston, 7249 ranked 2nd in TAS when comparing growth in median property values or capital gain over the last 12 months. South Launceston is one of 606 in our list for TAS
Across a shorter period, South Launceston, 7249 has seen a median price increase of -16.07% over the last quarter.
South Launceston7249 is located in TAS which offers an average discount of -5.75% to property investors. South Launceston itself is showing figures that indicate -5.52% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $250 weekly from the median priced house in this suburb.