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Investment Property West Launceston, TAS, 7250

Suburb Snapshot

West Launceston is a suburb in the Launceston Region of Tasmania. West Launceston has a population of 4,208 people and 25.43% of its occupants live in rental accommodation. The median listing price for houses is $599,500 and this has changed 0.41% over the past year and changed 0.08% over 2 years.

The median rent in West Launceston for houses is $480 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed -37.14% compared to last year and the average time to sell a house/townhouse is 100 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in West Launceston is $375 per week, producing a rental yield of NA.

Supply & Demand in West Launceston, Launceston

0.81%

Current vacancy rate


17

Rental stock available


4,208

Population


25.43%

Rental population


0.70%

Current vacancy rate


226

Rental stock available


65,275

Population


30.07%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


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Statistical data for West Launceston, Launceston

  House Townhouses Units
Median listing price $599,500 NA NA
Median price change - last quarter -3.01% NA NA
Median price change - 1 year 0.41% NA NA
Median price change - 2 years 0.08% NA NA
  House Townhouses Units
Median weekly rent $480 NA $375
Median yield % 4.16% NA NA
Median rent change - 1 year -1.04% NA 5.63%
  House Units
Previous month sales 5 2
Stock on market previous month 22 4
Stock variance vs. last year -37.14% 300.00%
Average days on market 100 NA

West Launceston investment property listings

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