LAUNCESTON 7250
State: TASPosiProp AI Investment Summary
LAUNCESTON (TAS 7250) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.0% and has experienced a 12-month capital growth of Up 0.2%, with a median house buy price of $691,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$610,000
$750,000
$965,000
$691,500
Suburb Market Profile
Last month Launceston had 26 properties available for rent and 35 properties for sale. Median property prices over the last year range from $691,500 for houses to $480,000 for units. If you are looking for an investment property, consider houses in Launceston rent out for $550 PW with an annual rental yield of 4.0% and units rent for $435 PW with a rental yield of 4.4%. Launceston has seen an annual compound growth rate of 0.2% for houses and -15.8% for units.