Investors coming in droves!

We are experiencing a massive surge in investor activity largely from mainland and overseas investors who move quickly!  Strong rental returns and the potential for good capital growth draw these investors to Launceston and its surroundings; they are organised and ready to pounce. Unfortunately this leaves first home buyers distressed because they lose out to cash buyers with transactions often taking place sight unseen by experienced purchasers.

However, sellers are enjoying the current market conditions.

For tenants, the median house rental is $550 per week and the median unit rental is $435 per week. Combined with the continued low vacancy rate it is tough for many to locate a home within a specified timeframe. With the added issue of increasing petrol prices renters are concerned about the future.