West Launceston is in the bottom 30% in TAS when comparing median price capital growth over the last year. West Launceston gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.95%.
Comparing West Launceston,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
West Launceston7250 is located in TAS which offers an average discount of -7.18% to property investors. West Launceston itself is showing figures that indicate -6.26% is the average achievable by property buyers investing in the suburb.
In the last year 66 properties changed hands in West Launceston, which puts it as the 29th most active market in TAS when comparing the number of sales per suburb.
West Launceston is 82th on a list of best yielding suburbs for rents in TAS with a 5.27% return
Property investors who have had real estate in West Launceston, 7250 should be unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -14.20%
Taking the average capital gain, or increase in median house value, West Launceston,7250 has racked up an average of -14.20% over the period. This ranks it number 1493th in the whole country for real estate investors looking at median house price increases.
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 -6.56% is being offered, which puts this TAS suburb at 348th most discounted overall in Australia.
Residents and property investors in West Launceston have been waiting around 63 days to sell a property.
With the median price for a house in West Launceston being $215250 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 6.04%