If you compare the increase in value of investment property in East Launceston, 7250 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.59%.
If we look at median property appreciation over just the last three months, East Launceston has given property investors a paper return of -2.86%. This puts Suburb as 135 on a list of fastest fasting appreciating suburbs in TAS
East Launceston, 7250 is offering TAS ‘s 34th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this TAS.
Residents and property investors in East Launceston have been waiting around 64.05 days to sell a property.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.65%, without taking into account capital value appreciation, which has been averaging out at 4.32%.
The most recent median price for East Launceston is $275000, with sellers offering an average of -6.03% off the asking price.