South Launceston faces big stock decrease in homes for sale

South Launceston experienced the biggest stock decrease in Tasmania over the past year according to Investar.

Investar suggests stock for sale has decreased by 66 percent, from 59 houses this time last year to its current 20 offerings. 

One three bedroom house currently on the market is an Eastbourne Street offering which is priced at $339,000.

The 2A Eastbourne Street house came with three bedrooms and a living room with full-length sliding glass doors.

It is within close proximity of local shops and conveniences, and a short drive from the LGH and CBD.

Another offering is a two bedroom house at 263 Wellington St, priced at $260,000 to $280,000 (pictured below).

This cottage came with double car garage. 

LGH, Dr Surgeries, Charles St restaurant strip and the CBD are within short walking distance. 

Another three bedroom house has been recently sold for $385,000. It was sold by David Parry and David Burgess from Parry Property. 

The 2/3-7 Chungon Crescent house came with three bedrooms, two bathrooms and undercover carport. It is also within minutes walk of the LGH, Charles Street cafe precinct and the CBD.

Investar puts it the suburb median rental at $300. 

The median house price sits on $279,500, according to CoreLogic.