Investment property in Launceston has done 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 -17.23%
Launceston,7250 has offered an average of -17.23% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Launceston are currently offering property investors an average price cut of -6.40% below the asking price at the moment.
With the median price for a house in Launceston being $463500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.49%
TAS has seen average median house prices change by 5.99% which means that Launceston, 7250 has done well for property investors by showing a capital gain of -14.32% over the last year
Over the longer term, Launceston has seen property prices show investors a 2.32% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Launceston 7250 should be seeing an average reduction in asking price of around -6.74% . This means that Launceston is holding prices well when compared to other suburbs in TAS.
With the median price for a house in Launceston being $353000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.71%