Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $270,000, Annual capital growth 2.24%, Number of sales 106, Weekly median advertised rent $300

South Launceston Unit: Median price $235,000, Annual capital growth 5.99%, Number of sales 15, Weekly median advertised rent $255

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 4.95% which means that South Launceston, 7249 has done well for property investors by showing a capital gain of 3.85% over the last year

The five-year average increase in median property values for South Launceston,7249 has given property investors a potential capital gain of 9.53% across each of those five years.

Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -7.02%. This puts suburb at number 71th in TAS when ranking the most discounted suburbs.

In the last year 106 properties changed hands in South Launceston, which puts it as the 12th most active market in TAS when comparing the number of sales per suburb.

South Launceston is 49th on a list of best yielding suburbs for rents in TAS with a 5.78% return

Property investors who have had real estate in South Launceston, 7249 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.17%

Comparing South Launceston,7249 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in South Launceston are currently offering property investors an average price cut of -10.36% below the asking price at the moment.

Advertised rents are around the $255 mark per week – giving a return of 5.64% based on the median price in Suburb

Metrics i HOUSE UNIT
$270,000 $235,000
0.00% 7.43%
3.85% 2.17%
2.24% 5.99%
$300 $255
106 15
5.78% 5.64%
68.58 116.9

Source: CoreLogic

DSR Score for property investment : Below average (U), Good (H)
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Demographics
Total population 4447
Median household income ($/weekly) 957
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 453 10.2
    25-34 years 791 17.8
    35-44 years 604 13.6
    45-54 years 476 10.7
    55-64 years 435 9.8
    Others 1687 37.9
    Age Group
    Census Count Percent(%)
    Not Married 1681 50.9
    Registered Married 1126 34.1
    Defacto Relationship 493 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3737 87.1
    Indonesia 37 0.9
    Papua New Guinea 53 1.2
    United Kingdom 151 3.5
    Other 113 2.6
    Others 201 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.1
    Christianity 2486 60.7
    Hinduism 22 0.5
    Islam 23 0.6
    No Religion 1495 36.5
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 248 14.0
    $600-$799 208 11.8
    $800-$999 179 10.1
    $1,000-$1,249 182 10.3
    $1,500-$1,999 219 12.4
    Others 731 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1350 37.2
    Not in the labour force 1268 34.9
    Employed, worked part-time 729 20.1
    Employed, away from work 145 4.0
    Unemployed, looking for work 137 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 238 10.7
    Professionals 523 23.5
    Technicians & trades workers 330 14.8
    Community & personal service workers 288 12.9
    Clerical & administrative workers 281 12.6
    Others 564 25.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 310 33.0
    Secondary 187 19.9
    Technical or Further Educational Institution 126 13.4
    University or other Tertiary Institutions 263 28.0
    Other type of educational institution 27 2.9
    Others 25 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3268 80.8
    Flat, unit or apartment 490 12.1
    Semi-detached, row or terrace house, townhouse 252 6.2
    Caravan, cabin, houseboat 24 0.6
    House or flat attached to a shop, office 11 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 792 42.4
    Being purchased 625 33.4
    Fully owned 421 22.5
    Other tenure type 32 1.7
    Tenure Type
Census 2011, ABS
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