Suburb Profile Report for East Launceston TAS (7250)

East Launceston House: Median price $437,500, Annual capital growth 4.50%, Number of sales 53, Weekly median advertised rent $365

East Launceston Unit: Median price $264,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

East Launceston has had a A very good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 14.53% to date .

While East Launceston,7250 ranked number 114th in TAS for increase in median house value (annualised) increase, it is ranked 129th over the last 5 years.

Sellers are offering property buyers an average discount of -7.69% to buyers in East Launceston at the moment, which is less than average for the rest of TAS.

With the median price for a house in East Launceston being $437500 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 4.34%

LACK OF BUYER INTEREST may well be the reason that East Launceston is offering property investors an average of -5.62. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in TAS

Advertised rents are around the $255 mark per week – giving a return of 5.01% based on the median price in Suburb

HOUSE UNIT
$437,500 $264,500
-0.57% 9.52%
14.53% N/A
4.50% N/A
$365 $255
53 12
4.34% 5.01%
65.1 72.54

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2239
Median household income ($/weekly) 1362
Median age of persons 38
Median housing loan repayment ($/monthly) 1500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 323 14.4
    25-34 years 234 10.5
    35-44 years 341 15.2
    45-54 years 322 14.4
    55-64 years 292 13.0
    Others 727 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 787 49.7
    Not Married 659 41.6
    Defacto Relationship 138 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1879 87.1
    Indonesia 19 0.9
    Papua New Guinea 31 1.4
    United Kingdom 112 5.2
    Other 30 1.4
    Others 86 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 1.0
    Christianity 1307 63.5
    Islam 8 0.4
    Other Religious Groups 11 0.5
    No Religion 704 34.2
    Others 7 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 77 9.6
    $1,000-$1,249 75 9.3
    $1,500-$1,999 88 10.9
    $2,000-$2,499 81 10.1
    $2,500-$2,999 80 9.9
    Others 404 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 689 40.1
    Not in the labour force 524 30.5
    Employed, worked part-time 399 23.2
    Employed, away from work 61 3.6
    Unemployed, looking for work 45 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 181 15.8
    Professionals 417 36.3
    Technicians & trades workers 104 9.1
    Community & personal service workers 109 9.5
    Clerical & administrative workers 141 12.3
    Others 196 17.1
    Occupation
    Census Count Percent(%)
    Pre-school 34 5.3
    Infants/Primary 245 38.2
    Secondary 159 24.8
    Technical or Further Educational Institution 45 7.0
    University or other Tertiary Institutions 141 22.0
    Others 18 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1822 88.0
    Flat, unit or apartment 200 9.7
    Semi-detached, row or terrace house, townhouse 49 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 331 37.8
    Fully owned 302 34.5
    Rented 239 27.3
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals