Suburb Profile Report for Launceston TAS (7250)

Launceston House: Median price $385,000, Annual capital growth 2.85%, Number of sales 78, Weekly median advertised rent $350

Launceston Unit: Median price $340,000, Annual capital growth 3.79%, Number of sales 27, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Launceston, 7250 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.24%

Launceston,7250 was ranked 561 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Launceston should be aiming for at least -7.16% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 6.50 sales per month, which equates to 78 per year.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.85%, investors should hope to achieve an overall return of 4.73%

Investment property in Launceston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.94%

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

Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -5.93%. This puts suburb at number 17th in TAS when ranking the most discounted suburbs.

Residents and property investors in Launceston have been waiting around 55.28 days to sell a property.

Metrics i HOUSE UNIT
$385,000 $340,000
5.62% 3.34%
13.24% 7.94%
2.85% 3.79%
$350 $320
78 27
4.73% 4.89%
93.61 55.28

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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Recent sales & rentals