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West Launceston
AREA REPORTS

West Launceston

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

house
unit

Homeowners and real estate investors betting on WEST LAUNCESTON, 7250 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 40.84%.

A steady increase in median property prices over a five-year period in the suburb translates to a 63.82% capital gain.

Property investors in WEST LAUNCESTON enjoyed capital gains of 40.84% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $622,500.

Profits due to an upward trend in home prices there averaged 21.27% per annum over a 3-year period.

Home owners selling their properties and realtors in WEST LAUNCESTON usually have to wait an average of 14.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.76% increase in returns based on the current median price in WEST LAUNCESTON.

WEST LAUNCESTON, 7250 places 21st in Australia based on median property value growth during the quarter.

Data report can be found below

West Launceston
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $622,500 $333,000
GROWTH REPORT
Median Quarterly 13.18% 0.91%
Median 12 month 40.84% 18.93%
Median 3 years 63.82% 16.84%
Median 5 years 107.5% 52.05%
10 years average annual 8.6% 3.92%
Weekly media advert. rent $450 $340
Time on Market 14.0 days 0.0 days
Gross Rental Yield Percent 3.76% 5.31%
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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