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Investment Property Launceston, TAS, 7250

Suburb Snapshot

Launceston is a suburb in the Launceston Region of Tasmania. Launceston has a population of 2,944 people and 36.57% of its occupants live in rental accommodation. The median listing price for houses is $712,500 and this has changed 1.78% over the past year and changed 1.78% over 2 years.

The median rent in Launceston for houses is $480 per week and the median rental yield is 3.50%. Stock on the market for houses/townhouses has changed 0.00% compared to last year and the average time to sell a house/townhouse is 109 days.The median listing price for units is $544,500 and this has changed 11.12% over the past year. The average unit takes 192 days to sell and the median rent for a unit in Launceston is $415 per week, producing a rental yield of 3.96%.

Supply & Demand in Launceston, Launceston

1.85%

Current vacancy rate


35

Rental stock available


2,944

Population


36.57%

Rental population


0.72%

Current vacancy rate


234

Rental stock available


65,275

Population


30.07%

Rental population


0.51%

Current vacancy rate


1,414

Rental stock available


509,956

Population


23.11%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Launceston, Launceston

  House Townhouses Units
Median listing price $712,500 NA $544,500
Median price change - last quarter 1.93% NA 11.34%
Median price change - 1 year 1.78% NA 11.12%
Median price change - 2 years 1.78% NA -0.82%
  House Townhouses Units
Median weekly rent $480 $460 $415
Median yield % 3.50% NA 3.96%
Median rent change - 1 year 0.00% 2.22% 3.75%
  House Units
Previous month sales 3 0
Stock on market previous month 30 22
Stock variance vs. last year 0.00% 15.79%
Average days on market 109 192

Launceston investment property listings

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