Over the last year, property investments in South Launceston, 7249 have given investors a capital gain of 2.54%. This compares badly with the 8.73% for TAS as a whole.
Across a shorter period, South Launceston, 7249 has seen a median price increase of 1.03% over the last quarter.
Property investors looking for a bargain in South Launceston should be aiming for at least -6.81% off the asking price, which is the average vendor discount being achieved at the moment.
South Launceston, 7249’s gross rental yield is 5.45%
Giving property investors a a stable capital gain of 5.00% for the last year, South Launceston, 7249 is the 458th highest performer in Australia in this respect.
Over the longer term, South Launceston has seen property prices show investors a 12.16% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that South Launceston is offering property investors an average of -5.47. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in TAS
Situated 159.23km from the CBD, South Launceston is one of Launceston (C) localities in the postcode 7249.