Launceston is in the TOP 20% in TAS when comparing median price capital growth over the last year. Launceston gave property investors a very good capital gain figure when compared to the rest of the state, with 19.47%.
Launceston,7250 was ranked 2659 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Launceston are currently offering property investors an average price cut of -6.29% below the asking price at the moment.
Launceston is 114th on a list of best yielding suburbs for rents in TAS with a 4.03% return
Investment property in Launceston has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.30%
If we look at median property appreciation over just the last three months, Launceston has given property investors a paper return of -0.15%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in TAS
Sellers are offering property buyers an average discount of -3.85% to buyers in Launceston at the moment, which is less than average for the rest of TAS.
With the median price for a house in Launceston being $330000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.88%