How Much is my Home Worth in West Launceston?
On November 30, 2018, the median price for a house in West Launceston was $378,000. On the same date, the median price of a unit was $265,000. To date, there has been 91 houses sold and 27 units sold this year. Of all the house sales 43 were 3 bedroom houses. The DSR or Demand to Supply Ratio rates an investment in a house as very good and a unit as good. A very good rating indicates there are more buyers than sellers. Vendors do not have to wait long before they are given a good offer.
The 12-month capital growth in West Launceston is at 22.95% for houses and 5.16% for units. The average annual capital growth is 3.81% for houses and 5.36% for units. It takes on average approximately 36 days to sell a unit and 27 days to sell a house.
House prices and weekly rent returns in West Launceston
- 2 bedroom house $397,500 Rent per week $343
- 3 bedroom house $365,000 Rent per week $350
- 4 bedroom house $440,000 Rent per week $375
Unit prices and weekly rent returns in West Launceston
- 1 bedroom unit No Data Rent per week $1280
- 2 bedroom unit $260,000 Rent per week $250
The gross rental yield is 4.85% for houses and 4.91% for units.
Free Real Estate Appraisal West 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 West 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 use 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 West 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.