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East Launceston
AREA REPORTS

East Launceston

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

house
unit

Property investments in EAST LAUNCESTON fare well against the rest of the country last year, registering a median home price increase of 16.92%.

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 $402.5 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 45.0 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 $625,500.

EAST LAUNCESTON ranks 112th on the list of best yielding suburbs for rental properties in TAS, posting a 3.35% return.

Data report can be found below

East Launceston
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $625,500 $275,000
GROWTH REPORT
Median Quarterly 2.21% N/A
Median 12 month 16.92% N/A
Median 3 years 25.1% 25.57%
Median 5 years 57.36% 21.15%
10 years average annual 5.93% 8.78%
Weekly media advert. rent $402.5 $317.5
Time on Market 45.0 days 0.0 days
Gross Rental Yield Percent 3.35% 6%
demographics (median values)*
Total Population
48050
Weekly Household Income
1142
Household Size
2.30
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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