With a capital gain of -3.87% for the last 12 months, West Launceston, 7250 has performed for property investments than its average annual 2.16% property growth over the last 5 years.
Across a shorter period, West Launceston, 7250 has seen a median price increase of -0.67% over the last quarter.
West Launceston7250 is located in TAS which offers an average discount of -6.89% to property investors. West Launceston itself is showing figures that indicate -6.68% is the average achievable by property buyers investing in the suburb.
Residents and property investors in West Launceston have been waiting around 67.89 days to sell a property.
Giving property investors a a poor capital gain of -20.28% for the last year, West Launceston, 7250 is the 1686th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, West Launceston,7250 has racked up an average of -20.28% over the period. This ranks it number 1621th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in West Launceston should be aiming for at least -6.18% off the asking price, which is the average vendor discount being achieved at the moment.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 6.04%, without taking into account capital value appreciation, which has been averaging out at 2.31%.