Giving property investors a an unimpressive capital gain of 0.33% for the last year, West Launceston, 7250 is the 3003th highest performer in Australia in this respect.
West Launceston,7250 was ranked 2552 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.28% to buyers in West Launceston at the moment, which is less than average for the rest of TAS.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.53%, without taking into account capital value appreciation, which has been averaging out at 1.97%.
West Launceston is an average performer in TAS when comparing median price capital growth over the last year. West Launceston gave property investors a good capital gain figure when compared to the rest of the state, with 7.76%.
A 9.05% growth in median value for property investors in West Launceston,7250 puts this suburb at number 8th in terms of best performing suburbs in TAS
LACK OF BUYER INTEREST may well be the reason that West Launceston is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 35th in terms of most discounted suburbs in TAS
A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 3.41%.