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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 $699,000 and this has changed -1.90% over the past year and changed -0.08% over 2 years.

The median rent in Launceston for houses is $480 per week and the median rental yield is 3.57%. Stock on the market for houses/townhouses has changed -3.57% compared to last year and the average time to sell a house/townhouse is 120 days.The median listing price for units is $515,000 and this has changed 3.62% over the past year. The average unit takes 202 days to sell and the median rent for a unit in Launceston is $415 per week, producing a rental yield of 4.19%.

Supply & Demand in Launceston, Launceston

1.95%

Current vacancy rate


37

Rental stock available


2,944

Population


36.57%

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


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 $699,000 $662,500 $515,000
Median price change - last quarter 1.93% NA 11.34%
Median price change - 1 year -1.90% NA 3.62%
Median price change - 2 years -0.08% 10.60% -4.63%
  House Townhouses Units
Median weekly rent $480 $460 $415
Median yield % 3.57% 3.61% 4.19%
Median rent change - 1 year 0.00% 2.22% 3.75%
  House Units
Previous month sales 3 2
Stock on market previous month 27 23
Stock variance vs. last year -3.57% 27.78%
Average days on market 120 202

Launceston investment property listings

Showing 2 of 2 investment properties found in Launceston on realestateinvestar.com.au

12 Elizabeth St, Launceston

$845,000

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Elevated elegance on Elizabeth

The elegance of the art deco era and the excellence of inviting dimensions define this stunning home's profile, similarly, its sense of character is complemented by its superb inner city convenience. Beautiful spaces, brilliant views and bright natural light ensure enjoyment of a setting where the ...

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3

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House

TAS 7250


2/99-101 Elizabeth St, Launceston

$690,000

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Character home in central Launceston

Properties which are centrally located and with secure parking are highly sort after in the Launceston CBD so this central townhouse will be a must see for buyers looking for a place to live or an investment property. Depending on your requirements, this home could have a three bedroom and study ...

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3

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1

Townhouse

TAS 7250


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