Suburb Profile Report for Youngtown TAS (7249)

Youngtown House: Median price $326,000, Annual capital growth 2.11%, Number of sales 83, Weekly median advertised rent $340

Youngtown Unit: Median price $241,000, Annual capital growth 1.67%, Number of sales 23, Weekly median advertised rent $270

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

With a capital gain of 8.67% for the last 12 months, Youngtown, 7249 has performed for property investments than its average annual 2.11% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Youngtown comes in at number 145th in TAS.

At number 49th of TAS’s most discounted properties, Youngtown is in the middle of the state/territory when listing in order of most discounted to least.

Over the last year, property investments in Youngtown, 7249 have given investors a capital gain of -9.06%. This compares very badly with the 2.66% for TAS as a whole.

If we look at median property appreciation over just the last three months, Youngtown has given property investors a paper return of -2.63%. This puts Suburb as 53 on a list of fastest fasting appreciating suburbs in TAS

LACK OF BUYER INTEREST may well be the reason that Youngtown is offering property investors an average of -5.40. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in TAS

Youngtown is 18th on a list of best yielding suburbs for rents in TAS with a 5.83% return

Information supplied by:


January 2019

M
O

W
E

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.

Metrics i HOUSE UNIT
$326,000 $241,000
0.31% -2.63%
8.67% -9.06%
2.11% 1.67%
$340 $270
83 23
5.42% 5.83%
62.5714285714286 60.3888888888889

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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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
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