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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 $429,000 and this has changed 22.92% over the past year and changed 29.02% over 2 years.

The median rent in South Launceston for houses is $380 per week and the median rental yield is 4.60%. Stock on the market for houses/townhouses has changed 21.43% compared to last year and the average time to sell a house/townhouse is 70 days.The median listing price for units is $289,000 and this has changed -6.48% over the past year. The average unit takes 156 days to sell and the median rent for a unit in South Launceston is $300 per week, producing a rental yield of 5.39%.

Supply & Demand in South Launceston, Launceston

1.02%

Current vacancy rate


25

Rental stock available


4,592

Population


37.74%

Rental population


0.71%

Current vacancy rate


225

Rental stock available


65,275

Population


30.07%

Rental population


0.44%

Current vacancy rate


1,177

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 $429,000 NA $289,000
Median price change - last quarter 1.01% NA -1.22%
Median price change - 1 year 22.92% NA -6.48%
Median price change - 2 years 29.02% NA 1.40%
  House Townhouses Units
Median weekly rent $380 $465 $300
Median yield % 4.60% NA 5.39%
Median rent change - 1 year 8.57% NA 9.09%
  House Units
Previous month sales 5 0
Stock on market previous month 17 1
Stock variance vs. last year 21.43% -66.67%
Average days on market 70 156

South Launceston investment property listings

Showing 5 of 12 investment properties found in South Launceston on realestateinvestar.com.au

17 West St, South Launceston

$550,000

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Capture A Classic Corner Address

Rich in classic character, accompanied by a corner allotment featuring the advantage of two titles and potential access from its second frontage to North Street, the appeal of this property reaches from its c1942 origins to the present day and far into the future. Northern sun and original stained ...

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TAS 7249


3/51-55 Westbury Rd, South Launceston

$220,000

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Bright Unit With A Big View!

Nestled off the street's edge on Westbury Road, this cozy unit's view really encapsulates Launceston, CBD, Seaport and beyond. As you enter the large, light filled lounge room your immediate instinct is to turn around and appreciate the extensive views. The separate kitchen boasts the same views, ...

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House

TAS 7249


1 Howick St, South Launceston

$595,000

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Renovated Family Home

This exquisite circa 1913 property is positioned perfectly to enjoy the fabulous outlook from the new extension at the rear featuring views over South Launceston. It has undergone a gorgeous renovation with an open plan kitchen and living space leading out through bifold doors to the undercover ...

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TAS 7249


29 Leonard St, South Launceston

$969,000

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Spacious Contemporary Living At Its Very Best!

Entering through the oversized pivot door you'll find the modern exterior of your new home is matched perfectly by the clean, contemporary lines inside; There's an abundance of space with 2.7m ceilings to all rooms on both upper and lower levels of this stunning 2 storey home; Even more impressive ...

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TAS 7249


78 Talbot Rd, South Launceston

$850,000

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Charming Storybook Residence, Minutes from the CBD with Developm

A beautiful family home on enough land to share. Choose your own neighbours by developing this enormous block only five minutes from Launceston CBD. The home looks like it has come straight from a storybook. There are multiple living areas, stunning timber floors, fireplaces, french doors, and ...

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TAS 7249


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