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What is the rental market in Launceston like? High or low vacancy rates and median rent?
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What is the rental market in Launceston like? High or low vacancy rates and median rent?
Launceston, TAS 7250 is located within the Launceston local government area, part of the Northern Region in Tasmania.
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Hi Michael,
The rental market in Launceston is currently strong (Feb, 2021) - There is a shortage of stock, so given the issues with supply and demand, we are finding that prices are increasing. The median rent for a 2 bedroom house is currently sitting around $365 per week and $400 per week for a 3 bedroom home (source REA).
I have been finding that 3 bedroom, well presented homes are very sought after by Tenants at present - particularly in a range of $350 - $400 per week.
Caitlin Horder - Property Manager for Launceston and Northern Tasmania.
Spark Property Management
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