Suburb Profile Report for Youngtown TAS (7249)

Youngtown House: Median price $300,000, Annual capital growth 2.11%, Number of sales 96, Weekly median advertised rent $340

Youngtown Unit: Median price $310,000, Annual capital growth 3.43%, 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

Youngtown is in the bottom 20% in TAS when comparing median price capital growth over the last year. Youngtown gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.83%.

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

Vendor discounting in Youngtown is giving property investors an average Vendor Discount of around -4.29%. This puts suburb at number 129th in TAS when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Youngtown the average time real estate has been on the market is 41.33 days.

Youngtown is 46th on a list of best yielding suburbs for rents in TAS with a 5.89% return

At number 96th in the list of Australian suburbs ordered by increase in median house value over the last year, Youngtown, 7249 is in the top 10% with a property value increase of 18.55% recorded in median house prices.

Youngtown,7249 was ranked 19 in Australia by increase in median property value over the quarter.

Property buyers and investors in Youngtown 7249 should be seeing an average reduction in asking price of around -8.64% . This means that Youngtown is holding prices well when compared to other suburbs in TAS.

Residents and property investors in Youngtown have been waiting around 63.2 days to sell a property.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.19%, without taking into account capital value appreciation, which has been averaging out at 3.43%.

Information supplied by:


January 2019

M
O

W
E
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 $310,000
-0.50% 16.98%
-0.83% 18.55%
2.11% 3.43%
$340 $250
96 19
5.89% 4.19%
41.33 63.2

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), Very good (U)
Find a mortgage broker in Youngtown TAS
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
Chart Table
Recent sales & rentals