AREA REPORTS

South Launceston

 

 

TAS/
South launceston

Suburb Profile

South Launceston - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7249

house
unit

Property investors enjoyed capital gains of 16.86% 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 4.3% growth over a ten-year period. It ranks 1929th on our list of suburbs that property investors should look into.

SOUTH LAUNCESTON, 7249 has a capital gain of 16.86% for the past year, which is higher than average compared to its 38.19% growth within a five-year period.

With the median home price in SOUTH LAUNCESTON sitting at $327,500, and the average rent at $330, property owners could potentially earn a 5.24% increase in gross rental yield.

A 16.86% 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 55th.

Figures from the previous quarter show that capital gains for real estate buyers in SOUTH LAUNCESTON are low, 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 (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $327,500 $227,000
GROWTH REPORT
Median Quarterly 3.97% -5.42%
Median 12 month 16.86% -20.35%
Median 3 years 26.82% -19.22%
Median 5 years 38.19% 19.66%
10 years average annual 4.3% 8.3%
Weekly media advert. rent $330 $240
Time on Market 28.9 days 60.8 days
Gross Rental Yield Percent 5.24% 5.5%
demographics (median values)
Total Population
4257
Weekly Household Income
728.7
Household Size
2.10
demographics
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