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Investment Property South Launceston, TAS, 7249

Suburb Snapshot

South Launceston is a suburb in the Launceston Region of Tasmania. South Launceston has a population of 4,592 people and 37.74% of its occupants live in rental accommodation. The median listing price for houses is $554,500 and this has changed 1.00% over the past year and changed -6.81% over 2 years.

The median rent in South Launceston for houses is $480 per week and the median rental yield is 4.50%. Stock on the market for houses/townhouses has changed -35.71% compared to last year and the average time to sell a house/townhouse is 128 days.The median listing price for units is $399,000 and this has changed -13.64% over the past year. The average unit takes 78 days to sell and the median rent for a unit in South Launceston is $350 per week, producing a rental yield of 4.56%.

Supply & Demand in South Launceston, Launceston

1.38%

Current vacancy rate


34

Rental stock available


4,592

Population


37.74%

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 South Launceston, Launceston

  House Townhouses Units
Median listing price $554,500 NA $399,000
Median price change - last quarter 1.00% NA -5.90%
Median price change - 1 year 1.00% NA -13.64%
Median price change - 2 years -6.81% NA 0.50%
  House Townhouses Units
Median weekly rent $480 $535 $350
Median yield % 4.50% NA 4.56%
Median rent change - 1 year 2.12% -8.55% -9.10%
  House Units
Previous month sales 8 0
Stock on market previous month 27 2
Stock variance vs. last year -35.71% -33.33%
Average days on market 128 78

South Launceston investment property listings

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