AREA REPORTS

East Launceston

Suburb Profile

East Launceston - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

house
unit

Property investments in EAST LAUNCESTON did not fare well against the rest of the country last year, registering a median home price decrease of 17.21%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains EAST LAUNCESTON, 7250 saw average growth in the long term.

Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 58.0 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $504,000.

EAST LAUNCESTON ranks 111th on the list of best yielding suburbs for rental properties in TAS, posting a 3.92% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $504,000 $245,500
GROWTH REPORT
Median Quarterly -1.47% -1.41%
Median 12 month 17.21% -14.76%
Median 3 years 29.9% N/A
Median 5 years 33.51% N/A
10 years average annual 4.27% 6.91%
Weekly media advert. rent $380 $295
Time on Market 58.0 days 0.0 days
Gross Rental Yield Percent 3.92% 6.25%
demographics (median values)
Total Population
2248
Weekly Household Income
1067
Household Size
2.30
demographics
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