Youngtown is in the bottom 20% in TAS when comparing median price capital growth over the last year. Youngtown gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.83%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Youngtown has increased when compared to the 5 year average annual rate.
Vendor discounting in Youngtown is giving property investors an average Vendor Discount of around -4.29%. This puts suburb at number 129th in TAS when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Youngtown the average time real estate has been on the market is 41.33 days.
Youngtown is 46th on a list of best yielding suburbs for rents in TAS with a 5.89% return
At number 96th in the list of Australian suburbs ordered by increase in median house value over the last year, Youngtown, 7249 is in the top 10% with a property value increase of 18.55% recorded in median house prices.
Youngtown,7249 was ranked 19 in Australia by increase in median property value over the quarter.
Property buyers and investors in Youngtown 7249 should be seeing an average reduction in asking price of around -8.64% . This means that Youngtown is holding prices well when compared to other suburbs in TAS.
Residents and property investors in Youngtown have been waiting around 63.2 days to sell a property.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.19%, without taking into account capital value appreciation, which has been averaging out at 3.43%.
Located on the outskirts of Launceston, Youngtown is an affordable spot that’s perfect for those looking for peace and quietFull summary
Information supplied by:
Supply goes up in quiet suburb
Median unit price: $304,000
Stock on market: 50.0%
12-month growth: 7.4%
Located on the outskirts of Launceston, Youngtown is an affordable spot that’s perfect for those looking for peace and quiet.
Housing supply in this suburb saw a considerable increase over the 12 months to October 2018 from 20 to 32. This has been accompanied by steady price increases in the market since 2013. Even then, Youngtown is easy on the wallet, with a good house coming in at a median price of around $300,000.
Launceston is only approximately a 10-minute drive, while Centro Meadow Mews is roughly 5 minutes off. The suburb has a primary school and a football oval that the South Launceston Football club calls home. The locality of Franklin Village, which contains some historical homes like Franklin House and St James Anglican Church, is situated within Youngtown as well.Close