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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


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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

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