Suburb Profile Report for East Launceston TAS (7250)

East Launceston House: Median price $420,000, Annual capital growth 4.22%, Number of sales 50, Weekly median advertised rent $380

East Launceston Unit: Median price $280,000, Annual capital growth 6.70%, Number of sales 13, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in East Launceston has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.33%

When looking at the potential capital gains offered to property investors over the last 3 years, East Launceston comes in at number 53th in TAS.

Property investors looking for a bargain in East Launceston should be aiming for at least -10.14% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

TAS has seen average median house prices change by 3.83% which means that East Launceston, 7250 has done well for property investors by showing a capital gain of 28.74% over the last year

If we look at median property appreciation over just the last three months, East Launceston has given property investors a paper return of 15.94%. This puts Suburb as 3 on a list of fastest fasting appreciating suburbs in TAS

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in East Launceston, 7250. Typically our figures indicate that -7.65% is being offered, which puts this TAS suburb at 200th most discounted overall in Australia.

East Launceston is 54th on a list of best yielding suburbs for rents in TAS with a 4.74% return

Metrics i HOUSE UNIT
$420,000 $280,000
-2.33% 15.94%
6.33% 28.74%
4.22% 6.70%
$380 $255
50 13
4.70% 4.74%
64.97 85.54

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in East Launceston TAS
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
Chart Table
Recent sales & rentals