Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $271,000, Annual capital growth 2.49%, Number of sales 99, Weekly median advertised rent $300

South Launceston Unit: Median price $227,500, Annual capital growth 5.02%, Number of sales 16, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 4.84% for the last year, South Launceston, 7249 is the 1977th highest performer in Australia in this respect.

The five-year average increase in median property values for South Launceston,7249 has given property investors a potential capital gain of 6.90% across each of those five years.

Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -7.35%. This puts suburb at number 56th in TAS when ranking the most discounted suburbs.

Residents and property investors in South Launceston have been waiting around 72.95 days to sell a property.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 2.49%.

South Launceston, 7249 ranked 6th in TAS when comparing growth in median property values or capital gain over the last 12 months. South Launceston is one of 606 in our list for TAS

South Launceston,7249 has offered an average of 10.98% return per annum in house price rises to property investors over the last three years.

The most recent median price for South Launceston is $227500, with sellers offering an average of -8.37% off the asking price.

HOUSE UNIT
$271,000 $227,500
2.65% -9.90%
4.84% 10.98%
2.49% 5.02%
$300 $265
99 16
5.76% 6.06%
72.95 81.91

Source: CoreLogic

DSR Score for property investment : Balanced (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
Chart Table
Recent sales & rentals