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 16.67%
Comparing West Launceston,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.59% offered to property buyers. Sellers in West Launceston itself are offering an average vendor discount of -4.06% to real estate investors.
At number 184 in a list of fastest selling suburbs, West Launceston is in the TOP 10% of suburbs in Australia with an average of days on market 34.95 for properties listed there.
Situated 157.89km from the CBD, West Launceston is one of Launceston localities in the postcode 7250.
West Launceston is in the TOP 20% in TAS when comparing median price capital growth over the last year. West Launceston gave property investors a very good capital gain figure when compared to the rest of the state, with 19.27%.
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.
Vendor discounting in West Launceston is giving property investors an average Vendor Discount of around -4.42%. This puts suburb at number 24th in TAS when ranking the most discounted suburbs.
West Launceston is 42th on a list of best yielding suburbs for rents in TAS with a 5.00% return