If you compare the increase in value of investment property in Launceston, 7250 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 14.82%.
Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of 14.82% over the period. This ranks it number 1711th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Launceston 7250 should be seeing an average reduction in asking price of around -7.74% . This means that Launceston is holding prices well when compared to other suburbs in TAS.
Often selling an investment property can take time, and in Launceston the average time real estate has been on the market is 89.68 days.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 3.45%, investors should hope to achieve an overall return of 4.45%
Property investors who have had real estate in Launceston, 7250 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 4.55%
When looking at the potential capital gains offered to property investors over the last 3 years, Launceston comes in at number 17th in TAS.
The most recent median price for Launceston is $345000, with sellers offering an average of -4.41% off the asking price.
In the last year 29 properties changed hands in Launceston, which puts it as the 17th most active market in TAS when comparing the number of sales per suburb.
Launceston, 7250’s gross rental yield is 4.82%