Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors enjoyed capital gains of 8.21% 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 3.43% growth over a ten-year period. It ranks 2260th on our list of suburbs that property investors should look into.
SOUTH LAUNCESTON, 7249 has a capital gain of 8.21% for the past year, which is higher than average compared to its 40.78% growth within a five-year period.
With the median home price in SOUTH LAUNCESTON sitting at $362,500, and the average rent at $350, property owners could potentially earn a 5.02% increase in gross rental yield.
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).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $362,500 | $270,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.01% | 1.89% |
| Median 12 month | 8.21% | 3.75% |
| Median 3 years | 29.93% | 0.37% |
| Median 5 years | 40.78% | -3.57% |
| 10 years average annual | 3.43% | 9.75% |
| Weekly media advert. rent | $350 | $280 |
| Time on Market | 43.6 days | 54.8 days |
| Gross Rental Yield Percent | 5.02% | 5.39% |
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...
Get notifications in real-time for staying up to date with content that matters to you.
