Suburb Profile Report for East Launceston TAS (7250)

East Launceston House: Median price $420,000, Annual capital growth 3.91%, Number of sales 43, Weekly median advertised rent $385

East Launceston Unit: Median price $288,000, Annual capital growth 5.99%, Number of sales 12, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -1.18% for the last 12 months, East Launceston, 7250 has performed for property investments than its average annual 3.91% property growth over the last 5 years.

East Launceston,7250 has offered an average of -1.18% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -9.11% to buyers in East Launceston at the moment, which is less than average for the rest of TAS.

In the last year 43 properties changed hands in East Launceston, which puts it as the 70th most active market in TAS when comparing the number of sales per suburb.

Situated 160.88km from the CBD, East Launceston is one of Launceston localities in the postcode 7250.

East Launceston, 7250 ranked 2nd in TAS when comparing growth in median property values or capital gain over the last 12 months. East Launceston is one of 606 in our list for TAS

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in East Launceston itself are offering an average vendor discount of -6.65% to real estate investors.

Situated 161.12km from the CBD, East Launceston is one of Launceston localities in the postcode 7250.

Metrics i HOUSE UNIT
$420,000 $288,000
1.20% -2.70%
-1.18% 28.29%
3.91% 5.99%
$385 $250
43 12
4.77% 4.51%
59.34 74.2

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (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