TAS has seen average median house prices change by 4.95% which means that Launceston, 7250 has done well for property investors by showing a capital gain of 11.84% over the last year
Across a shorter period, Launceston, 7250 has seen a median price increase of 4.05% over the last quarter.
Property buyers and investors in Launceston 7250 should be seeing an average reduction in asking price of around -7.61% . This means that Launceston is holding prices well when compared to other suburbs in TAS.
Residents and property investors in Launceston have been waiting around 87.18 days to sell a property.
With the median price for a house in Launceston being $385000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.73%
Launceston has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 9.92% to date .
The five-year average increase in median property values for Launceston,7250 has given property investors a potential capital gain of 7.87% across each of those five years.
Launceston, 7250 is offering TAS ‘s 10th 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.
Situated 161.30km from the CBD, Launceston is one of Launceston localities in the postcode 7250.