At number 809th in the list of Australian suburbs ordered by increase in median house value over the last year, South Launceston, 7249 is in the top 20% with a property value increase of 11.64% recorded in median house prices.
The five-year average increase in median property values for South Launceston,7249 has given property investors a potential capital gain of 32.33% across each of those five years.
Sellers are offering property buyers an average discount of -6.23% to buyers in South Launceston at the moment, which is less than average for the rest of TAS.
Situated 159.31km from the CBD, South Launceston is one of Launceston localities in the postcode 7249.
At number 992th in the list of Australian suburbs ordered by increase in median house value over the last year, South Launceston, 7249 is in the BOTTOM 50% with a property value increase of 0.31% recorded in median house prices.
A 20.00% growth in median value for property investors in South Launceston,7249 puts this suburb at number 54th in terms of best performing suburbs in TAS
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Launceston, 7249. Typically our figures indicate that -5.55% is being offered, which puts this TAS suburb at 578th most discounted overall in Australia.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.