Suburb Profile Report for Latrobe TAS (7307)

Latrobe House: Median price $256,500, Annual capital growth 4.33%, Number of sales 70, Weekly median advertised rent $270

Latrobe Unit: Median price $249,000, Annual capital growth 3.48%, Number of sales 17, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Latrobe, 7307 ranked 36th in TAS when comparing growth in median property values or capital gain over the last 12 months. Latrobe is one of 606 in our list for TAS

Latrobe,7307 has offered an average of 14.64% return per annum in house price rises to property investors over the last three years.

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 Latrobe, 7307. Typically our figures indicate that -7.55% is being offered, which puts this TAS suburb at 906th most discounted overall in Australia.

In the last year 70 properties changed hands in Latrobe, which puts it as the 37th most active market in TAS when comparing the number of sales per suburb.

Latrobe is 67th on a list of best yielding suburbs for rents in TAS with a 5.47% return

Over the last year, property investments in Latrobe, 7307 have given investors a capital gain of -6.04%. This compares very badly with the 3.47% for TAS as a whole.

Taking the average capital gain, or increase in median house value, Latrobe,7307 has racked up an average of -6.04% over the period. This ranks it number 983th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Latrobe is $249000, with sellers offering an average of -4.74% off the asking price.

Often selling an investment property can take time, and in Latrobe the average time real estate has been on the market is 143.7 days.

Renters in Suburb are facing rents around $3060 per annum or $255 every week.

Metrics i HOUSE UNIT
$256,500 $249,000
1.99% 7.10%
14.64% -6.04%
4.33% 3.48%
$270 $255
70 17
5.47% 5.33%
115.67 143.7

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 3897
Median household income ($/weekly) 851
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 502 12.9
    25-34 years 458 11.8
    35-44 years 470 12.1
    45-54 years 528 13.5
    55-64 years 566 14.5
    Others 1373 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 1389 49.4
    Not Married 1121 39.9
    Defacto Relationship 303 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3427 92.3
    New Zealand 20 0.5
    Papua New Guinea 25 0.7
    United Kingdom 153 4.1
    Other 26 0.7
    Others 62 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.7
    Christianity 2394 68.0
    Hinduism 9 0.3
    Islam 9 0.3
    No Religion 1076 30.6
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 10.1
    $400-$599 255 18.6
    $600-$799 161 11.7
    $800-$999 157 11.5
    $1,500-$1,999 141 10.3
    Others 519 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1304 43.6
    Employed, worked full-time 919 30.7
    Employed, worked part-time 532 17.8
    Employed, away from work 121 4.0
    Unemployed, looking for work 117 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 168 10.7
    Professionals 196 12.5
    Technicians & trades workers 273 17.4
    Community & personal service workers 179 11.4
    Labourers 252 16.1
    Others 502 32.0
    Occupation
    Census Count Percent(%)
    Pre-school 39 5.1
    Infants/Primary 348 45.8
    Secondary 197 26.0
    Technical or Further Educational Institution 111 14.6
    University or other Tertiary Institutions 47 6.2
    Others 17 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3314 91.7
    Flat, unit or apartment 170 4.7
    Semi-detached, row or terrace house, townhouse 90 2.5
    House or flat attached to a shop, office 40 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 538 36.2
    Being purchased 515 34.6
    Rented 426 28.6
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals