With a capital gain of 23.97% for the last 12 months, South Launceston, 7249 has performed for property investments than its average annual 5.55% property growth over the last 5 years.
South Launceston,7249 was ranked 1114 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in South Launceston are currently offering property investors an average price cut of -4.30% below the asking price at the moment.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 5.55%, investors should hope to achieve an overall return of 4.54%
Over the last year, property investments in South Launceston, 7249 have given investors a capital gain of 14.71%. This compares favourably with the 8.44% for TAS as a whole.
Comparing South Launceston,7249 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
In the last year 20 properties changed hands in South Launceston, which puts it as the 27th most active market in TAS when comparing the number of sales per suburb.
South Launceston is 8th on a list of best yielding suburbs for rents in TAS with a 5.69% return