Investment property in West 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 19.05%
If we look at median property appreciation over just the last three months, West Launceston has given property investors a paper return of 2.15%. This puts Suburb as 120 on a list of fastest fasting appreciating suburbs in TAS
West Launceston7250 is located in TAS which offers an average discount of -4.46% to property investors. West Launceston itself is showing figures that indicate -4.34% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in West Launceston, 7250 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 11.50%.
A 36.96% growth in median value for property investors in West Launceston,7250 puts this suburb at number 3rd in terms of best performing suburbs in TAS
Advertised rents are around the $305 mark per week – giving a return of 5.03% based on the median price in Suburb