‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors enjoyed capital gains of 14.55% over the last 12 months in SOUTH LAUNCESTON, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 3.57% growth over a ten-year period. It ranks 2108th on our list of suburbs that property investors should look into.
SOUTH LAUNCESTON, 7249 has a capital gain of 14.55% for the past year, which is higher than average compared to its 35.78% growth within a five-year period.
With the median home price in SOUTH LAUNCESTON sitting at $315,000, and the average rent at $320, property owners could potentially earn a 5.28% increase in gross rental yield.
A 14.55% increase in median property prices in SOUTH LAUNCESTON, 7249 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 70th.
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH LAUNCESTON are high, as opposed to average gains per annum over the past five years.
SOUTH LAUNCESTON, 7249 in TAS belongs to the local government area of Launceston.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $315,000 | $233,500 |
| GROWTH REPORT | ||
| Median Quarterly | 8.62% | -7.34% |
| Median 12 month | 14.55% | -2.4% |
| Median 3 years | 26% | 29.9% |
| Median 5 years | 35.78% | 16.75% |
| 10 years average annual | 3.57% | 4.85% |
| Weekly media advert. rent | $320 | $260 |
| Time on Market | 29.8 days | 58.1 days |
| Gross Rental Yield Percent | 5.28% | 5.79% |
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