With a capital gain of 6.74% for the last 12 months, South Launceston, 7249 has performed for property investments than its average annual 2.54% property growth over the last 5 years.
Over the longer term, South Launceston has seen property prices show investors a 13.43% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.88% to buyers in South Launceston at the moment, which is less than average for the rest of TAS.
At number 186 in a list of fastest selling suburbs, South Launceston is in the TOP 10% of suburbs in Australia with an average of days on market 34.45 for properties listed there.
South Launceston is an average performer in TAS when comparing median price capital growth over the last year. South Launceston gave property investors a average capital gain figure when compared to the rest of the state, with 7.47%.
Comparing South Launceston,7249 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for South Launceston is $244500, with sellers offering an average of -5.34% off the asking price.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
Renters in Suburb are facing rents around $3060 per annum or $255 every week.