Investment property in Youngtown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.46%
A 21.24% growth in median value for property investors in Youngtown,7249 puts this suburb at number 59th in terms of best performing suburbs in TAS
Vendor discounting in Youngtown is giving property investors an average Vendor Discount of around -4.99%. This puts suburb at number 61th in TAS when ranking the most discounted suburbs.
The TAS suburb of Youngtown, 7249 is in the Launceston (C) local government area.
Youngtown is in the bottom 10% 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 -12.18%.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Youngtown itself are offering an average vendor discount of -4.72% to real estate investors.
Often selling an investment property can take time, and in Youngtown the average time real estate has been on the market is 57.9231 days.
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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.