Powered by MOMENTUM MEDIA
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 17.42%.

A steady increase in median property prices over a five-year period in the suburb translates to a 35.42% capital gain.

Property investors in WEST LAUNCESTON enjoyed capital gains of 17.42% 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 $455,000.

Profits due to an upward trend in home prices there averaged 11.81% per annum over a 3-year period.

Home owners selling their properties and realtors in WEST LAUNCESTON usually have to wait an average of 42.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $385 mark, reflecting a 4.4% increase in returns based on the current median price in WEST LAUNCESTON.

WEST LAUNCESTON, 7250 places 61st 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 $455,000 $289,500
GROWTH REPORT
Median Quarterly 4.6% 0%
Median 12 month 17.42% 10.29%
Median 3 years 35.42% 10.54%
Median 5 years 49.18% 6.22%
10 years average annual 4.21% 3.68%
Weekly media advert. rent $385 $302.5
Time on Market 42.4 days 33.7 days
Gross Rental Yield Percent 4.4% 5.43%
demographics (median values)
Total Population
48050
Weekly Household Income
1142
Household Size
2.30
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.