TAS has seen average median house prices change by 9.15% which means that South Launceston, 7249 has done well for property investors by showing a capital gain of 3.70% over the last year
South Launceston,7249 was ranked 1814 in Australia by increase in median property value over the quarter.
With the median price for a house in South Launceston being $280000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.57%
Giving property investors a a solid capital gain of 14.25% for the last year, South Launceston, 7249 is the 321th highest performer in Australia in this respect.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.23%, without taking into account capital value appreciation, which has been averaging out at 5.51%.