East Launceston has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 14.53% to date .
While East Launceston,7250 ranked number 114th in TAS for increase in median house value (annualised) increase, it is ranked 129th over the last 5 years.
Sellers are offering property buyers an average discount of -7.69% to buyers in East Launceston at the moment, which is less than average for the rest of TAS.
With the median price for a house in East Launceston being $437500 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 4.34%
LACK OF BUYER INTEREST may well be the reason that East Launceston is offering property investors an average of -5.62. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in TAS
Advertised rents are around the $255 mark per week – giving a return of 5.01% based on the median price in Suburb