Investment property in East Launceston has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.05%
The five-year average increase in median property values for East Launceston,7250 has given property investors a potential capital gain of 33.33% across each of those five years.
Sellers are offering property buyers an average discount of -6.55% to buyers in East Launceston at the moment, which is less than average for the rest of TAS.
Renters in Suburb are facing rents around $4380 per annum or $365 every week.
Property value increases in East Launceston have tracked lower than the TAS average of 10.07% over the last 12 months.
Property investors should expect to get $250 weekly from the median priced house in this suburb.