Launceston has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 15.92% to date .
Across a shorter period, Launceston, 7250 has seen a median price increase of 4.80% over the last quarter.
At number 37th of TAS’s most discounted properties, Launceston is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
With a capital gain of -2.65% for the last 12 months, Launceston, 7250 has performed for property investments than its average annual 2.98% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of -2.65% over the period. This ranks it number 1120th in the whole country for real estate investors looking at median house price increases.
Launceston7250 is located in TAS which offers an average discount of -5.10% to property investors. Launceston itself is showing figures that indicate -3.88% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $315 weekly from the median priced house in this suburb.