Investment property in 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 6.03%
The five-year average increase in median property values for Launceston,7250 has given property investors a potential capital gain of 3.00% across each of those five years.
Property investors looking for a bargain in Launceston should be aiming for at least -4.97% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1721 in a list of fastest selling suburbs, Launceston is just in the top half of suburbs in Australia with an average of days on market 75.08 for properties listed there.
Launceston is 102th on a list of best yielding suburbs for rents in TAS with a 4.76% return
Over the last year, property investments in Launceston, 7250 have given investors a capital gain of 1.23%. This compares averagely with the 4.06% for TAS as a whole.
Across a shorter period, Launceston, 7250 has seen a median price increase of -0.30% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Launceston itself are offering an average vendor discount of -6.79% to real estate investors.
Often selling an investment property can take time, and in Launceston the average time real estate has been on the market is 75.47 days.