Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $270,000, Annual capital growth 2.12%, Number of sales 118, Weekly median advertised rent $300

South Launceston Unit: Median price $227,500, Annual capital growth 4.86%, Number of sales 16, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

South Launceston has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.89% to date .

While South Launceston,7249 ranked number 117th in TAS for increase in median house value (annualised) increase, it is ranked 67th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that South Launceston is offering property investors an average of -6.89. This rate of discount on properties puts Suburb at number 65th in terms of most discounted suburbs in TAS

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.78%, without taking into account capital value appreciation, which has been averaging out at 2.12%.

South Launceston has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -13.33% to date .

South Launceston,7249 was ranked 1440 in Australia by increase in median property value over the quarter.

Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -11.07%. This puts suburb at number 3rd in TAS when ranking the most discounted suburbs.

Residents and property investors in South Launceston have been waiting around 115.27 days to sell a property.

Advertised rents are around the $270 mark per week – giving a return of 6.17% based on the median price in Suburb

Metrics i HOUSE UNIT
$270,000 $227,500
0.00% -3.19%
1.89% -13.33%
2.12% 4.86%
$300 $270
118 16
5.78% 6.17%
69.35 115.27

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
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