With a capital gain of 5.17% for the last 12 months, West Launceston, 7250 has performed for property investments than its average annual 3.07% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, West Launceston,7250 has racked up an average of 5.17% over the period. This ranks it number 2881th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in West Launceston 7250 should be seeing an average reduction in asking price of around -6.59% . This means that West Launceston is holding prices well when compared to other suburbs in TAS.
With the median price for a house in West Launceston being $305000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.11%
Property value increases in West Launceston have tracked lower than the TAS average of 2.96% over the last 12 months.
While West Launceston,7250 ranked number 53th in TAS for increase in median house value (annualised) increase, it is ranked 44th over the last 5 years.
At number 6th of TAS’s most discounted properties, West Launceston is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in West Launceston the average time real estate has been on the market is 83.47 days.
West Launceston, 7250’s gross rental yield is 6.83%