Suburb Profile Report for South Launceston TAS (7249)

South Launceston House: Median price $327,500, Annual capital growth 4.30%, Number of sales 120, Weekly median advertised rent $330

South Launceston Unit: Median price $227,000, Annual capital growth 8.30%, Number of sales 33, Weekly median advertised rent $240

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

South Launceston, 7249 ranked 55th in TAS when comparing growth in median property values or capital gain over the last 12 months. South Launceston is one of 606 in our list for TAS

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Launceston has increased when compared to the 5 year average annual rate.

Vendor discounting in South Launceston is giving property investors an average Vendor Discount of around -4.13%. This puts suburb at number 80th in TAS when ranking the most discounted suburbs.

On average over the past year, suburb has had 10.00 sales per month, which equates to 120 per year.

Situated 159.48km from the CBD, South Launceston is one of Launceston (C) localities in the postcode 7249.

Property value increases in South Launceston have tracked lower than the TAS average of 7.81% over the last 12 months.

South Launceston,7249 was ranked 1467 in Australia by increase in median property value over the quarter.

South Launceston, 7249 is offering TAS ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this TAS.

In the last year 33 properties changed hands in South Launceston, which puts it as the 21th most active market in TAS when comparing the number of sales per suburb.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$327,500 $227,000
3.97% -5.42%
16.86% -20.35%
4.30% 8.30%
$330 $240
120 33
5.24% 5.50%
28.92 60.81

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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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