With a capital gain of -1.64% for the last 12 months, West Launceston, 7250 has performed for property investments than its average annual 2.21% property growth over the last 5 years.
West Launceston,7250 has offered an average of -1.64% return per annum in house price rises to property investors over the last three years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.06% offered to property buyers. Sellers in West Launceston itself are offering an average vendor discount of -6.75% to real estate investors.
Residents and property investors in West Launceston have been waiting around 68.87 days to sell a property.
Advertised rents are around the $320 mark per week – giving a return of 5.55% based on the median price in Suburb
Property value increases in West Launceston have tracked lower than the TAS average of 3.83% over the last 12 months.
The five-year average increase in median property values for West Launceston,7250 has given property investors a potential capital gain of -17.36% across each of those five years.
Property buyers and investors in West Launceston 7250 should be seeing an average reduction in asking price of around -5.79% . 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 $219000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.94%