Property value increases in Launceston have tracked just higher than the TAS average of 18.88% over the last 12 months.
If we look at median property appreciation over just the last three months, Launceston has given property investors a paper return of -0.43%. This puts Suburb as 173 on a list of fastest fasting appreciating suburbs in TAS
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
Over the last year, property investments in Launceston, 7250 have given investors a capital gain of 3.78%. This compares badly with the 8.44% for TAS as a whole.
While Launceston,7250 ranked number 28th in TAS for increase in median house value (annualised) increase, it is ranked 45th over the last 5 years.
Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -3.37%. This puts suburb at number 2nd in TAS when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.