Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $307,000, Annual capital growth 3.28%, Number of sales 99, Weekly median advertised rent $320

South Launceston Unit: Median price $240,000, Annual capital growth 5.23%, Number of sales 25, Weekly median advertised rent $263

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

At number 809th in the list of Australian suburbs ordered by increase in median house value over the last year, South Launceston, 7249 is in the top 20% with a property value increase of 11.64% recorded in median house prices.

The five-year average increase in median property values for South Launceston,7249 has given property investors a potential capital gain of 32.33% across each of those five years.

Sellers are offering property buyers an average discount of -6.23% to buyers in South Launceston at the moment, which is less than average for the rest of TAS.

Situated 159.31km from the CBD, South Launceston is one of Launceston localities in the postcode 7249.

At number 992th in the list of Australian suburbs ordered by increase in median house value over the last year, South Launceston, 7249 is in the BOTTOM 50% with a property value increase of 0.31% recorded in median house prices.

A 20.00% growth in median value for property investors in South Launceston,7249 puts this suburb at number 54th in terms of best performing suburbs in TAS

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 South Launceston, 7249. Typically our figures indicate that -5.55% is being offered, which puts this TAS suburb at 578th most discounted overall in Australia.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Metrics i HOUSE UNIT
$307,000 $240,000
6.23% -4.76%
11.64% 0.31%
3.28% 5.23%
$320 $263
99 25
5.42% 5.69%
29.89 58.1

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4447
Median household income ($/weekly) 957
Median age of persons 35
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 453 10.2
    25-34 years 791 17.8
    35-44 years 604 13.6
    45-54 years 476 10.7
    55-64 years 435 9.8
    Others 1687 37.9
    Age Group
    Census Count Percent(%)
    Not Married 1681 50.9
    Registered Married 1126 34.1
    Defacto Relationship 493 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3737 87.1
    Indonesia 37 0.9
    Papua New Guinea 53 1.2
    United Kingdom 151 3.5
    Other 113 2.6
    Others 201 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.1
    Christianity 2486 60.7
    Hinduism 22 0.5
    Islam 23 0.6
    No Religion 1495 36.5
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 248 14.0
    $600-$799 208 11.8
    $800-$999 179 10.1
    $1,000-$1,249 182 10.3
    $1,500-$1,999 219 12.4
    Others 731 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1350 37.2
    Not in the labour force 1268 34.9
    Employed, worked part-time 729 20.1
    Employed, away from work 145 4.0
    Unemployed, looking for work 137 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 238 10.7
    Professionals 523 23.5
    Technicians & trades workers 330 14.8
    Community & personal service workers 288 12.9
    Clerical & administrative workers 281 12.6
    Others 564 25.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 310 33.0
    Secondary 187 19.9
    Technical or Further Educational Institution 126 13.4
    University or other Tertiary Institutions 263 28.0
    Other type of educational institution 27 2.9
    Others 25 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3268 80.8
    Flat, unit or apartment 490 12.1
    Semi-detached, row or terrace house, townhouse 252 6.2
    Caravan, cabin, houseboat 24 0.6
    House or flat attached to a shop, office 11 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 792 42.4
    Being purchased 625 33.4
    Fully owned 421 22.5
    Other tenure type 32 1.7
    Tenure Type
Census 2011, ABS
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