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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 $700,000 and this has changed 0.00% over the past year and changed -11.95% over 2 years.

The median rent in Launceston for houses is $480 per week and the median rental yield is 3.56%. Stock on the market for houses/townhouses has changed 36.36% compared to last year and the average time to sell a house/townhouse is 120 days.The median listing price for units is $490,000 and this has changed -10.75% over the past year. The average unit takes 173 days to sell and the median rent for a unit in Launceston is $400 per week, producing a rental yield of 4.24%.

Supply & Demand in Launceston, Launceston

2.12%

Current vacancy rate


40

Rental stock available


2,944

Population


36.57%

Rental population


0.98%

Current vacancy rate


313

Rental stock available


65,275

Population


30.07%

Rental population


0.71%

Current vacancy rate


1,941

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 $700,000 NA $490,000
Median price change - last quarter 7.85% NA -0.51%
Median price change - 1 year 0.00% NA -10.75%
Median price change - 2 years -11.95% NA -1.02%
  House Townhouses Units
Median weekly rent $480 $450 $400
Median yield % 3.56% NA 4.24%
Median rent change - 1 year 6.66% 0.00% 2.56%
  House Units
Previous month sales 0 0
Stock on market previous month 30 19
Stock variance vs. last year 36.36% 18.75%
Average days on market 120 173

Launceston investment property listings

Showing 5 of 54 investment properties found in Launceston on realestateinvestar.com.au

2/135-143 Paterson St, Launceston

$685,000

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A-Grade Inner City Living

Ideally located on the doorstep to the Cataract Gorge, leading local restaurants, the Seaport, and the Launceston CBD this immaculate inner-city residence offers A-Grade lifestyle living. High ceilings throughout accentuate the sense of space while expanses of glass promote a wonderful natural ...

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Townhouse

TAS 7250


1 Welman St, Launceston

$1,900,000

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A JAMES BENNELL MASTERPIECE c.1861.

To own a James Bennell house in Welman Street Launceston is a privilege. The Regency and Georgian period is highly admired for its elegance and architectural simplicity - Number 1 Welman Street is no exception. Rich in history and sympathetically refurbished, this is undoubtedly one of ...

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House

TAS 7250


5/44-50 Cameron St, Launceston

$575,000

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The Ultimate Inner City Escape

A rooftop apartment where complete privacy accompanies a brilliant balance of indoor spaces and outdoor surroundings, this stylish and secure property is an inner-city address of unique appeal. Offered fully furnished, featuring a living/dining area of impressive proportions, the character of the ...

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Unit

TAS 7250


29 Elphin Rd, Launceston

$1,350,000

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Victorian Beauty in the Heart of Launceston

OPEN Saturday April 27th 9:30 - 10:00am This charming Victorian residence in the heart of Launceston offers an exceptional opportunity for its next owners. The classic facade, with its timeless charm and elegance will draw you in. From the moment you step inside, you'll appreciate the original ...

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House

TAS 7250


8 Garnet St, Launceston

$469,000

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Realise the Potential

Step back in time with this circa 1900 weatherboard home, nestled on the periphery of Launceston's vibrant CBD. Offering a canvas for your creative touch, this property holds immense potential for value enhancement through refurbishment. Original Baltic pine floors and doors grace the interiors, ...

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House

TAS 7250


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