Suburb Profile Report for Youngtown TAS (7249)

Youngtown House: Median price $300,000, Annual capital growth 1.87%, Number of sales 100, Weekly median advertised rent $340

Youngtown Unit: Median price $275,000, Annual capital growth 2.64%, Number of sales 19, Weekly median advertised rent $250

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

Investment property in Youngtown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.56%

Across a shorter period, Youngtown, 7249 has seen a median price increase of 0.00% over the last quarter.

At number 133th of TAS’s most discounted properties, Youngtown is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Youngtown, 7249 ranked 47th in TAS when comparing growth in median property values or capital gain over the last 12 months. Youngtown is one of 606 in our list for TAS

A 25.57% growth in median value for property investors in Youngtown,7249 puts this suburb at number 28th in terms of best performing suburbs in TAS

Property investors looking for a bargain in Youngtown should be aiming for at least -8.64% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 19 properties changed hands in Youngtown, which puts it as the 41th most active market in TAS when comparing the number of sales per suburb.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Information supplied by:


January 2019

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Located on the outskirts of Launceston, Youngtown is an affordable spot that’s perfect for those looking for peace and quietFull summary

Supply goes up in quiet suburb

Postcode: 7249

Median unit price: $304,000

Stock on market: 50.0%

12-month growth: 7.4%

Located on the outskirts of Launceston, Youngtown is an affordable spot that’s perfect for those looking for peace and quiet.

Housing supply in this suburb saw a considerable increase over the 12 months to October 2018 from 20 to 32. This has been accompanied by steady price increases in the market since 2013. Even then, Youngtown is easy on the wallet, with a good house coming in at a median price of around $300,000.

Launceston is only approximately a 10-minute drive, while Centro Meadow Mews is roughly 5 minutes off. The suburb has a primary school and a football oval that the South Launceston Football club calls home. The locality of Franklin Village, which contains some historical homes like Franklin House and St James Anglican Church, is situated within Youngtown as well.

Close
Metrics i HOUSE UNIT
$300,000 $275,000
0.00% 2.61%
2.56% 2.61%
1.87% 2.64%
$340 $250
100 19
5.89% 4.73%
41.29 63.2

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4050
Median household income ($/weekly) 1029
Median age of persons 40
Median housing loan repayment ($/monthly) 1430
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 463 11.4
    25-34 years 521 12.9
    35-44 years 545 13.5
    45-54 years 500 12.3
    55-64 years 460 11.4
    Others 1560 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 1529 52.5
    Not Married 1072 36.8
    Defacto Relationship 311 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3545 91.8
    New Zealand 26 0.7
    Papua New Guinea 24 0.6
    United Kingdom 126 3.3
    Other 29 0.8
    Others 110 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.2
    Christianity 2685 73.0
    Hinduism 24 0.7
    Islam 7 0.2
    No Religion 952 25.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 174 12.2
    $600-$799 171 12.0
    $800-$999 179 12.6
    $1,500-$1,999 197 13.8
    $2,000-$2,499 142 10.0
    Others 560 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1196 37.8
    Employed, worked full-time 1140 36.1
    Employed, worked part-time 621 19.6
    Employed, away from work 121 3.8
    Unemployed, looking for work 83 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 229 12.2
    Professionals 259 13.8
    Technicians & trades workers 284 15.1
    Clerical & administrative workers 335 17.8
    Sales 225 12.0
    Others 545 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 39 5.1
    Infants/Primary 306 40.1
    Secondary 225 29.5
    Technical or Further Educational Institution 82 10.7
    University or other Tertiary Institutions 93 12.2
    Others 18 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3292 88.7
    Flat, unit or apartment 333 9.0
    Semi-detached, row or terrace house, townhouse 84 2.3
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 616 41.0
    Fully owned 545 36.3
    Rented 298 19.8
    Other tenure type 44 2.9
    Tenure Type
Census 2011, ABS
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