Suburb Profile Report for Launceston TAS (7250)

Launceston House: Median price $415,000, Annual capital growth 3.60%, Number of sales 83, Weekly median advertised rent $350

Launceston Unit: Median price $345,000, Annual capital growth 4.60%, Number of sales 28, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Launceston has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.17%

Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of 21.17% over the period. This ranks it number 1496th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Launceston is offering property investors an average of -6.89. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in TAS

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.39%, without taking into account capital value appreciation, which has been averaging out at 3.60%.

With a capital gain of 7.81% for the last 12 months, Launceston, 7250 has performed for property investments than its average annual 4.60% property growth over the last 5 years.

While Launceston,7250 ranked number 16th in TAS for increase in median house value (annualised) increase, it is ranked 16th over the last 5 years.

The most recent median price for Launceston is $345000, with sellers offering an average of -5.20% off the asking price.

Launceston, 7250’s gross rental yield is 4.82%

Metrics i HOUSE UNIT
$415,000 $345,000
10.67% 4.55%
21.17% 7.81%
3.60% 4.60%
$350 $320
83 28
4.39% 4.82%
86.82 54.6

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 2897
Median household income ($/weekly) 1007
Median age of persons 36
Median housing loan repayment ($/monthly) 1603
Average household size 2
  • Census Count Percent(%)
    20-24 years 383 13.2
    25-34 years 472 16.3
    35-44 years 365 12.6
    45-54 years 432 14.9
    55-64 years 368 12.7
    Others 877 30.3
    Age Group
    Census Count Percent(%)
    Not Married 1138 52.9
    Registered Married 744 34.6
    Defacto Relationship 268 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2225 80.8
    Indonesia 37 1.3
    Papua New Guinea 36 1.3
    United Kingdom 151 5.5
    Other 89 3.2
    Others 215 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.6
    Christianity 1463 56.6
    Hinduism 29 1.1
    Other Religious Groups 35 1.4
    No Religion 991 38.4
    Others 24 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 140 12.0
    $600-$799 124 10.7
    $800-$999 117 10.1
    $1,250-$1,499 106 9.1
    $1,500-$1,999 120 10.3
    Others 555 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 955 39.3
    Not in the labour force 750 30.9
    Employed, worked part-time 506 20.8
    Unemployed, looking for work 121 5.0
    Employed, away from work 97 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 197 12.7
    Professionals 500 32.1
    Technicians & trades workers 184 11.8
    Community & personal service workers 185 11.9
    Clerical & administrative workers 191 12.3
    Others 300 19.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 140 21.1
    Secondary 119 17.9
    Technical or Further Educational Institution 94 14.1
    University or other Tertiary Institutions 278 41.8
    Other type of educational institution 19 2.9
    Others 15 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1416 56.0
    Semi-detached, row or terrace house, townhouse 573 22.6
    Flat, unit or apartment 444 17.5
    House or flat attached to a shop, office 91 3.6
    Caravan, cabin, houseboat 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 637 51.4
    Fully owned 335 27.0
    Being purchased 264 21.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals