TAS has seen average median house prices change by 7.30% which means that Launceston, 7250 has done well for property investors by showing a capital gain of 5.81% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Launceston has increased when compared to the 5 year average annual rate.
At number 53th of TAS’s most discounted properties, Launceston is in the middle of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
Over the last year, property investments in Launceston, 7250 have given investors a capital gain of -4.70%. This compares badly with the 2.66% for TAS as a whole.
Across a shorter period, Launceston, 7250 has seen a median price increase of -11.14% over the last quarter.
Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -7.36%. This puts suburb at number 2nd in TAS when ranking the most discounted suburbs.
The TAS suburb of Launceston, 7250 is in the Launceston (C) local government area.