Over the last year, property investments in West Launceston, 7250 have given investors a capital gain of 5.88%. This compares badly with the 8.18% for TAS as a whole.
If we look at median property appreciation over just the last three months, West Launceston has given property investors a paper return of 2.00%. This puts Suburb as 84 on a list of fastest fasting appreciating suburbs in TAS
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 -4.99% is being offered, which puts this TAS suburb at 2221th most discounted overall in Australia.
At number 740 in a list of fastest selling suburbs, West Launceston is in the TOP 20% of suburbs in Australia with an average of days on market 49.25 for properties listed there.
West Launceston, 7250’s gross rental yield is 5.44%
Over the last year, property investments in West Launceston, 7250 have given investors a capital gain of 18.25%. This compares favourably with the 5.89% for TAS as a whole.
West Launceston,7250 has offered an average of 18.25% return per annum in house price rises to property investors over the last three years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.05% offered to property buyers. Sellers in West Launceston itself are offering an average vendor discount of -3.52% to real estate investors.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 3.80%, investors should hope to achieve an overall return of 5.41%