Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $435,000, Annual capital growth 5.55%, Number of sales 83, Weekly median advertised rent $380

South Launceston Unit: Median price $292,500, Annual capital growth 6.64%, Number of sales 20, Weekly median advertised rent $320

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 23.97% for the last 12 months, South Launceston, 7249 has performed for property investments than its average annual 5.55% property growth over the last 5 years.

South Launceston,7249 was ranked 1114 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in South Launceston are currently offering property investors an average price cut of -4.30% below the asking price at the moment.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 5.55%, investors should hope to achieve an overall return of 4.54%

Over the last year, property investments in South Launceston, 7249 have given investors a capital gain of 14.71%. This compares favourably with the 8.44% for TAS as a whole.

Comparing South Launceston,7249 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

In the last year 20 properties changed hands in South Launceston, which puts it as the 27th most active market in TAS when comparing the number of sales per suburb.

South Launceston is 8th on a list of best yielding suburbs for rents in TAS with a 5.69% return

Metrics i HOUSE UNIT
$435,000 $292,500
7.01% 2.63%
23.97% 14.71%
5.55% 6.64%
$380 $320
83 20
4.54% 5.69%
31.0892857142857 50

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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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