Investment property in Launceston has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.17%
Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of 21.17% over the period. This ranks it number 1496th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Launceston is offering property investors an average of -6.89. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in TAS
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.39%, without taking into account capital value appreciation, which has been averaging out at 3.60%.
With a capital gain of 7.81% for the last 12 months, Launceston, 7250 has performed for property investments than its average annual 4.60% property growth over the last 5 years.
While Launceston,7250 ranked number 16th in TAS for increase in median house value (annualised) increase, it is ranked 16th over the last 5 years.
The most recent median price for Launceston is $345000, with sellers offering an average of -5.20% off the asking price.
Launceston, 7250’s gross rental yield is 4.82%