With a capital gain of -2.28% for the last 12 months, West Launceston, 7250 has performed for property investments than its average annual 2.23% property growth over the last 5 years.
A 5.26% growth in median value for property investors in West Launceston,7250 puts this suburb at number 112th in terms of best performing suburbs in TAS
Property buyers and investors in West Launceston 7250 should be seeing an average reduction in asking price of around -6.69% . This means that West Launceston is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in West Launceston, 7250 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -16.73%.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Launceston, 7250. Typically our figures indicate that -6.07% is being offered, which puts this TAS suburb at 491th most discounted overall in Australia.
West Launceston is 11th on a list of best yielding suburbs for rents in TAS with a 6.16% return