If you compare the increase in value of investment property in Launceston, 7250 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 6.41%.
Launceston,7250 has offered an average of 6.41% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Launceston is offering property investors an average of -7.05. This rate of discount on properties puts Suburb at number 117th in terms of most discounted suburbs in TAS
Renters in Suburb are facing rents around $4020 per annum or $335 every week.
TAS has seen average median house prices change by 3.91% which means that Launceston, 7250 has done well for property investors by showing a capital gain of -3.08% over the last year
If we look at median property appreciation over just the last three months, Launceston has given property investors a paper return of -5.97%. This puts Suburb as 46 on a list of fastest fasting appreciating suburbs in TAS
The most recent median price for Launceston is $315000, with sellers offering an average of -6.79% off the asking price.