Suburb Profile Report for Launceston TAS (7250)

Launceston House: Median price $364,500, Annual capital growth 2.21%, Number of sales 71, Weekly median advertised rent $350

Launceston Unit: Median price $328,000, Annual capital growth 3.06%, Number of sales 31, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1473th in the list of Australian suburbs ordered by increase in median house value over the last year, Launceston, 7250 is in the top 40% with a property value increase of 7.21% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Launceston,7250 has racked up an average of 7.21% over the period. This ranks it number 2836th in the whole country for real estate investors looking at median house price increases.

At number 90th of TAS’s most discounted properties, Launceston is in the middle of the state/territory when listing in order of most discounted to least.

In the last year 71 properties changed hands in Launceston, which puts it as the 26th most active market in TAS when comparing the number of sales per suburb.

Advertised rents are around the $350 mark per week – giving a return of 4.99% based on the median price in Suburb

TAS has seen average median house prices change by 1.72% which means that Launceston, 7250 has done well for property investors by showing a capital gain of -2.81% over the last year

A -1.94% growth in median value for property investors in Launceston,7250 puts this suburb at number 19th in terms of best performing suburbs in TAS

Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -6.13%. This puts suburb at number 17th in TAS when ranking the most discounted suburbs.

At number 789 in a list of fastest selling suburbs, Launceston is just in the bottom half of suburbs in Australia with an average of days on market 80.61 for properties listed there.

Advertised rents are around the $320 mark per week – giving a return of 5.07% based on the median price in Suburb

HOUSE UNIT
$364,500 $328,000
0.00% 2.02%
7.21% -2.81%
2.21% 3.06%
$350 $320
71 31
4.99% 5.07%
97.83 80.61

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (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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