TAS has seen average median house prices change by 3.72% which means that Launceston, 7250 has done well for property investors by showing a capital gain of 7.35% over the last year
Comparing Launceston,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Launceston, 7250 is offering TAS ‘s 64th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this TAS.
Often selling an investment property can take time, and in Launceston the average time real estate has been on the market is 97.98 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 2.33%.
Giving property investors a an unimpressive capital gain of -3.23% for the last year, Launceston, 7250 is the 1318th highest performer in Australia in this respect.
Over the longer term, Launceston has seen property prices show investors a 9.09% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -5.62%. This puts suburb at number 21th in TAS when ranking the most discounted suburbs.
Residents and property investors in Launceston have been waiting around 67.55 days to sell a property.