Property prices for sale in Launceston (Tasmania)
The prices in real estate in Launceston, in the Tasmania region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Launceston has increased strongly during the last 6 months. In October, the average price per m² was $613. In November this price pretty much remained the same at a value of $618 per m². The price for the following two months in (December, January) had a considerable increment of 127 %. The price per m² has increased 114 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $699.25 to $799 during February, and March.
Based upon to the price in Launceston (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $511,919. In November This price remains at $501,431. During the following two months (December, January) the price has had an average incrementation from $506,675 to $533,027. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $543,667 they are 39 % more affordable than the average price for Launceston. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $498,600.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $603 / m², with an average $671 / m² price in Launceston. The properties with the highest average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at $874 / m².
The graph displaying the average prices displays the property type "Retail" as the most affordable one. At an cost of $543,667 it is 25 % cheaper than the average price in Launceston. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $411,212 it is 14 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $691 / m² followed by "Retail" priced at $15,307 / m². "Apartment" is the most costly type of property with a $15,387 / m² cost followed by "Retail" with an average price of $15,307 / m².
