How Much is my Home Worth in Launceston?
On January 2019, the median price for a house in Launceston was $505,000. On the same date, the median price of a unit was $397,000. To date, there have been 54 houses sold and 50 units sold this year. Of all the house sales 19 were 3 bedroom houses. The DSR or Demand to Supply Ratio rates an investment in a house or unit as above average. An above average rating shows there are marginally more buyers than sellers. Vendors are usually getting their asking price. Sometimes buyers are able to get a good price when they low-ball.
The 12-month capital growth in Launceston is at 12.16% for houses and 44.5% for units. The average annual capital growth is 6.29% for houses and 4.89% for units. It takes on average approximately 31 days to sell a unit and 35 days to sell a house.
House prices and weekly rent returns in Launceston
- 2 bedroom house $364,500 Rent per week $293
- 3 bedroom house $432,000 Rent per week $360
- 4 bedroom house $630,000 Rent per week $413
Unit prices and weekly rent returns in Launceston
- 1 bedroom unit No Data Rent per week $220
- 2 bedroom unit $335,000 Rent per week $308
- 3 bedroom unit $495,000 Rent per week $380
The gross rental yield is 3.91% for houses and 3.92% for units.
Free Real Estate Appraisal Launceston
Are you contemplating selling your home or unit? Or, do you own an investment property you want to know the market value? Our property appraisal team provides a free property appraisal of homes, units or land. We base our market price on recent sales history. We also factor in the location of schools, shops, and amenities. We will present a professional report as to the current value of your home.
Free Rental Appraisal Launceston
Are you moving and want to rent ou your home? Or, do you own an investment property and need the services of a property manager? Our property management team manage multiple properties. The will give you a free and accurate appraisal of your expected weekly rental return. Our staff uses the latest software to perform routine inspections, collect the rental fee and maintain your property. Each landlord receives full tax accounting documentation in a format of your choice.
Property Valuation Launceston
Are you aware there is a difference between a property appraisal and a property valuation? If for some legal reason you need your property valued then you must engage the services of a registered valuer. This service will come with a see. Appraisals can be performed by a licenced real estate agent. In this case, our appraisers will do this for free.
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