Suburb Profile Report for East Launceston TAS (7250)

East Launceston House: Median price $425,000, Annual capital growth 4.32%, Number of sales 55, Weekly median advertised rent $380

East Launceston Unit: Median price $275,000, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in East Launceston, 7250 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.59%.

If we look at median property appreciation over just the last three months, East Launceston has given property investors a paper return of -2.86%. This puts Suburb as 135 on a list of fastest fasting appreciating suburbs in TAS

East Launceston, 7250 is offering TAS ‘s 34th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this TAS.

Residents and property investors in East Launceston have been waiting around 64.05 days to sell a property.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.65%, without taking into account capital value appreciation, which has been averaging out at 4.32%.

The most recent median price for East Launceston is $275000, with sellers offering an average of -6.03% off the asking price.

HOUSE UNIT
$425,000 $275,000
-2.86% 22.77%
7.59% N/A
4.32% N/A
$380 $265
55 14
4.65% 5.01%
64.05 72.3

Source: CoreLogic

DSR Score for property investment : Good (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