Over the last year, property investments in West Launceston, 7250 have given investors a capital gain of 5.67%. This compares badly with the 9.40% for TAS as a whole.
Taking the average capital gain, or increase in median house value, West Launceston,7250 has racked up an average of 5.67% over the period. This ranks it number 2658th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in West Launceston 7250 should be seeing an average reduction in asking price of around -4.29% . This means that West Launceston is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 8.50 sales per month, which equates to 102 per year.
Advertised rents are around the $327.5 mark per week – giving a return of 5.37% based on the median price in Suburb
Property investors who have had real estate in West Launceston, 7250 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.47%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Launceston has increased when compared to the 5 year average annual rate.
West Launceston7250 is located in TAS which offers an average discount of -4.81% to property investors. West Launceston itself is showing figures that indicate -4.34% is the average achievable by property buyers investing in the suburb.
West Launceston is 39th on a list of best yielding suburbs for rents in TAS with a 5.08% return