Investment property in East Launceston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.90%
Comparing East Launceston,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 34 properties changed hands in East Launceston, which puts it as the 83th most active market in TAS when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $21320 per annum or $410 every week.
If you compare the increase in value of investment property in East Launceston, 7250 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was -0.20%.
Taking the average capital gain, or increase in median house value, East Launceston,7250 has racked up an average of -0.20% over the period. This ranks it number 1168th in the whole country for real estate investors looking at median house price increases.
In the last year 16 properties changed hands in East Launceston, which puts it as the 49th most active market in TAS when comparing the number of sales per suburb.
Using the current median advertised rental of $282.5 and the average annual increase in value of a median property of -2.03%, investors should hope to achieve an overall return of 6.00%