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Investment Property Launceston, TAS

Region Snapshot

Launceston is a region in Tasmania, Australia. Launceston has a population of 65,275 people and 30.07% of its occupants live in rental accommodation. The median listing price for houses is $550,000 and this has changed 0.00% over the past year and changed 0.18% over 2 years.

The median rent in for houses is $470 per week and the median rental yield is 4.44%. Stock on the market for houses/townhouses has changed -15.54% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $415,000 and this has changed 4.01% over the past year. The average unit takes NA days to sell and the median rent for a unit in Launceston is $395 per week, producing a rental yield of 4.94%.

Supply & Demand in Launceston

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

  House Townhouses Units
Median listing price $550,000 $597,000 $415,000
Median price change - last quarter 0.00% 0.33% -0.83%
Median price change - 1 year 0.00% 3.10% 4.01%
Median price change - 2 years 0.18% -0.34% 5.06%
  House Townhouses Units
Median weekly rent $470 $480 $395
Median yield % 4.44% 4.18% 4.94%
Median rent change - 1 year 2.17% 0.00% 3.94%
  House Units
Previous month sales 87 10
Stock on market previous month 413 55
Stock variance vs. last year -15.54% -15.38%
Average days on market NA NA

Launceston investment property listings

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

14/61 George St, Launceston

$400,000

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Quality Launceston CBD Investment

An outstanding entry-level commercial investment in the heart of Launceston's Yorktown Square, securely leased to Harrison Agents, a long-established and respected local business. A 3 + 3 year lease is in place, with the tenant responsible for all statutory outgoings and body corporate costs, ...

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Commercial

TAS 7250


9 Henty St, Invermay

$495,000

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Prime Invermay Location

Located on the "Paris"side of Invermay, this cute californian bungalow is so close to everything. Minutes away is UTAS Stadium, the City, University of Tasmania, two schools and all this only one minute from public transport. Internally the home has three good sized bedrooms, open plan ...

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House

TAS 7248


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