At number 1473th in the list of Australian suburbs ordered by increase in median house value over the last year, Launceston, 7250 is in the top 40% with a property value increase of 7.21% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of 7.21% over the period. This ranks it number 2836th in the whole country for real estate investors looking at median house price increases.
At number 90th of TAS’s most discounted properties, Launceston is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 71 properties changed hands in Launceston, which puts it as the 26th most active market in TAS when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 4.99% based on the median price in Suburb
TAS has seen average median house prices change by 1.72% which means that Launceston, 7250 has done well for property investors by showing a capital gain of -2.81% over the last year
A -1.94% growth in median value for property investors in Launceston,7250 puts this suburb at number 19th in terms of best performing suburbs in TAS
Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -6.13%. This puts suburb at number 17th in TAS when ranking the most discounted suburbs.
At number 789 in a list of fastest selling suburbs, Launceston is just in the bottom half of suburbs in Australia with an average of days on market 80.61 for properties listed there.
Advertised rents are around the $320 mark per week – giving a return of 5.07% based on the median price in Suburb