Price drops in Launceston
Listings for sale in Launceston, TAS 7250 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
5
14% of 36 live listings
Median cut
2.9%
$20K off the asking price
Days listed before cut
61
median, first listed to latest cut
Cuts, last 30 / 90 days
5 / 5
1 listing has raised instead
Launceston price-drop summary
5 listings in Launceston (14% of the 36 on the market) are advertised below an earlier asking price. The typical reduction is 2.9%, about $20K. House listings account for 3 of them, with a median cut of 2.9%. Going the other way, 1 listing has raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 3 | 2.9% |
| Apartment | 2 | 3.4% |
Largest current cuts in Launceston
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 65 Balfour Street | $1,150,000 | $1,100,000 | -4.3% | 4 bed House | |
| 303/16 Paterson Street | $480,000 | $460,000 | -4.2% | 2 bed Apartment | |
| 40 Welman Street | $1,700,000 | $1,650,000 | -2.9% | 5 bed House | |
| 1/99-101 Elizabeth Street | $769,000 | $749,000 | -2.6% | 3 bed Apartment | |
| 6 Princes Street | $970,000 | $950,000 | -2.1% | 3 bed House |
Suburb profile
Launceston market data
Median prices, rents, growth and vacancy for Launceston.
Sold prices
Recent sales in Launceston
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Launceston: common questions
How many properties in Launceston have had a price drop?
5 listings for sale in Launceston TAS 7250 are currently advertised below an earlier asking price, 14% of the 36 listings on the market. 5 of those cuts were recorded in the last 30 days and 5 in the last 90.
How much are Launceston sellers cutting their prices by?
The median cut is 2.9%, or $20K, measured from the previous advertised asking price to the current one on each listing.
How long are Launceston listings on the market before the price drops?
A median of 61 days from when the listing first appeared to its latest price cut, across 5 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.