Have been looking at buying an investment property in Launceston. I am not sure if this is a good idea as there does not seem to be a capital growth in the area. I am looking at a long term investment and getting a foot in the market as it may be a place to retire to down the track. The property I am looking will not be a house we will be living in. I have been looking at Kings Meadows, Riverside, Trevallyn and Youngtown with a price range up to $215 at this stage but hope for less. Anyone have knowledge of the market or suggestions.