TAS has seen average median house prices change by 7.14% which means that Launceston, 7250 has done well for property investors by showing a capital gain of 21.82% over the last year
Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of 21.82% over the period. This ranks it number 1335th 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 -6.16% to property investors. Launceston itself is showing figures that indicate -6.77% is the average achievable by property buyers investing in the suburb.
At number 2010 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 79.67 for properties listed there.
Launceston, 7250’s gross rental yield is 4.22%
Launceston, 7250 ranked 30th in TAS when comparing growth in median property values or capital gain over the last 12 months. Launceston is one of 606 in our list for TAS
Launceston,7250 was ranked 859 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Launceston itself are offering an average vendor discount of -3.45% to real estate investors.
Advertised rents are around the $320 mark per week – giving a return of 4.92% based on the median price in Suburb