Suburb Profile Report for Launceston TAS (7250)

Launceston House: Median price $365,000, Annual capital growth 2.33%, Number of sales 79, Weekly median advertised rent $350

Launceston Unit: Median price $330,000, Annual capital growth 4.59%, Number of sales 29, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 3.72% which means that Launceston, 7250 has done well for property investors by showing a capital gain of 7.35% over the last year

Comparing Launceston,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Launceston, 7250 is offering TAS ‘s 64th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this TAS.

Often selling an investment property can take time, and in Launceston the average time real estate has been on the market is 97.98 days.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 2.33%.

Giving property investors a an unimpressive capital gain of -3.23% for the last year, Launceston, 7250 is the 1318th highest performer in Australia in this respect.

Over the longer term, Launceston has seen property prices show investors a 9.09% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -5.62%. This puts suburb at number 21th in TAS when ranking the most discounted suburbs.

Residents and property investors in Launceston have been waiting around 67.55 days to sell a property.

HOUSE UNIT
$365,000 $330,000
1.39% 8.20%
7.35% -3.23%
2.33% 4.59%
$350 $320
79 29
4.99% 5.04%
97.98 67.55

Source: CoreLogic

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