Suburb Profile Report for Latrobe TAS (7307)

Latrobe House: Median price $235,000, Annual capital growth 3.31%, Number of sales 57, Weekly median advertised rent $290

Latrobe Unit: Median price $225,000, Annual capital growth 0.08%, Number of sales 15, Weekly median advertised rent $263

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3129th in the list of Australian suburbs ordered by increase in median house value over the last year, Latrobe, 7307 is in the BOTTOM 30% with a property value increase of -2.08% recorded in median house prices.

Over the longer term, Latrobe has seen property prices show investors a -12.96% return over the last 3 years. This is an improvement over the last 12 months

Vendor discounting in Latrobe is giving property investors an average Vendor Discount of around -8.14%. This puts suburb at number 45th in TAS when ranking the most discounted suburbs.

Residents and property investors in Latrobe have been waiting around 137.29 days to sell a property.

With the median price for a house in Latrobe being $235000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.42%

Property investors who have had real estate in Latrobe, 7307 should be unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.00%

Taking the average capital gain, or increase in median house value, Latrobe,7307 has racked up an average of -10.00% over the period. This ranks it number 1269th in the whole country for real estate investors looking at median house price increases.

HOUSE UNIT
$235,000 $225,000
0.00% N/A
-2.08% -10.00%
3.31% 0.08%
$290 $263
57 15
6.42% 6.07%
137.29 N/A

Source: CoreLogic

DSR Score for property investment : Below 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