With a capital gain of 8.67% for the last 12 months, Youngtown, 7249 has performed for property investments than its average annual 2.11% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Youngtown comes in at number 145th in TAS.
At number 49th of TAS’s most discounted properties, Youngtown is in the middle of the state/territory when listing in order of most discounted to least.
Over the last year, property investments in Youngtown, 7249 have given investors a capital gain of -9.06%. This compares very badly with the 2.66% for TAS as a whole.
If we look at median property appreciation over just the last three months, Youngtown has given property investors a paper return of -2.63%. This puts Suburb as 53 on a list of fastest fasting appreciating suburbs in TAS
LACK OF BUYER INTEREST may well be the reason that Youngtown is offering property investors an average of -5.40. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in TAS
Youngtown is 18th on a list of best yielding suburbs for rents in TAS with a 5.83% return
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Supply goes up in quiet suburb
Median unit price: $304,000
Stock on market: 50.0%
12-month growth: 7.4%
Located on the outskirts of Launceston, Youngtown is an affordable spot that’s perfect for those looking for peace and quiet.
Housing supply in this suburb saw a considerable increase over the 12 months to October 2018 from 20 to 32. This has been accompanied by steady price increases in the market since 2013. Even then, Youngtown is easy on the wallet, with a good house coming in at a median price of around $300,000.
Launceston is only approximately a 10-minute drive, while Centro Meadow Mews is roughly 5 minutes off. The suburb has a primary school and a football oval that the South Launceston Football club calls home. The locality of Franklin Village, which contains some historical homes like Franklin House and St James Anglican Church, is situated within Youngtown as well.