Investment property in East Launceston has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.33%
When looking at the potential capital gains offered to property investors over the last 3 years, East Launceston comes in at number 53th in TAS.
Property investors looking for a bargain in East Launceston should be aiming for at least -10.14% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
TAS has seen average median house prices change by 3.83% which means that East Launceston, 7250 has done well for property investors by showing a capital gain of 28.74% over the last year
If we look at median property appreciation over just the last three months, East Launceston has given property investors a paper return of 15.94%. This puts Suburb as 3 on a list of fastest fasting appreciating suburbs in TAS
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in East Launceston, 7250. Typically our figures indicate that -7.65% is being offered, which puts this TAS suburb at 200th most discounted overall in Australia.
East Launceston is 54th on a list of best yielding suburbs for rents in TAS with a 4.74% return