Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $285,000, Annual capital growth 2.54%, Number of sales 103, Weekly median advertised rent $320

South Launceston Unit: Median price $244,500, Annual capital growth 1.37%, Number of sales 24, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 6.74% for the last 12 months, South Launceston, 7249 has performed for property investments than its average annual 2.54% property growth over the last 5 years.

Over the longer term, South Launceston has seen property prices show investors a 13.43% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.88% to buyers in South Launceston at the moment, which is less than average for the rest of TAS.

At number 186 in a list of fastest selling suburbs, South Launceston is in the TOP 10% of suburbs in Australia with an average of days on market 34.45 for properties listed there.

South Launceston is an average performer in TAS when comparing median price capital growth over the last year. South Launceston gave property investors a average capital gain figure when compared to the rest of the state, with 7.47%.

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

The most recent median price for South Launceston is $244500, with sellers offering an average of -5.34% off the asking price.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

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

Metrics i HOUSE UNIT
$285,000 $244,500
1.79% -9.78%
6.74% 7.47%
2.54% 1.37%
$320 $255
103 24
5.84% 5.42%
34.45 66.62

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in South Launceston TAS
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
Chart Table
Recent sales & rentals