Property investors who have had real estate in South Launceston, 7249 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.08%
Across a shorter period, South Launceston, 7249 has seen a median price increase of -1.19% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.65% offered to property buyers. Sellers in South Launceston itself are offering an average vendor discount of -6.26% to real estate investors.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.50%, without taking into account capital value appreciation, which has been averaging out at 3.95%.
Over the last year, property investments in South Launceston, 7249 have given investors a capital gain of -12.50%. This compares very badly with the 3.89% for TAS as a whole.
The five-year average increase in median property values for South Launceston,7249 has given property investors a potential capital gain of 0.38% across each of those five years.
Sellers are offering property buyers an average discount of -6.57% to buyers in South Launceston at the moment, which is less than average for the rest of TAS.
Situated 159.30km from the CBD, South Launceston is one of Launceston (C) localities in the postcode 7249.