Suburb Profile Report for East Launceston TAS (7250)

East Launceston House: Median price $524,500, Annual capital growth 4.18%, Number of sales 34, Weekly median advertised rent $410

East Launceston Unit: Median price $245,000, Annual capital growth -2.03%, Number of sales 16, Weekly median advertised rent $283

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

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

  • House Report
  • Unit Report

Investment property in East Launceston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.90%

Comparing East Launceston,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

In the last year 34 properties changed hands in East Launceston, which puts it as the 83th most active market in TAS when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $21320 per annum or $410 every week.

If you compare the increase in value of investment property in East Launceston, 7250 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was -0.20%.

Taking the average capital gain, or increase in median house value, East Launceston,7250 has racked up an average of -0.20% over the period. This ranks it number 1168th in the whole country for real estate investors looking at median house price increases.

In the last year 16 properties changed hands in East Launceston, which puts it as the 49th most active market in TAS when comparing the number of sales per suburb.

Using the current median advertised rental of $282.5 and the average annual increase in value of a median property of -2.03%, investors should hope to achieve an overall return of 6.00%

Metrics i HOUSE UNIT
$524,500 $245,000
-0.10% 0.00%
4.90% -0.20%
4.18% -2.03%
$410 $283
34 16
4.06% 6.00%
53.2380952380952 28.4545454545455

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2239
Median household income ($/weekly) 1362
Median age of persons 38
Median housing loan repayment ($/monthly) 1500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 323 14.4
    25-34 years 234 10.5
    35-44 years 341 15.2
    45-54 years 322 14.4
    55-64 years 292 13.0
    Others 727 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 787 49.7
    Not Married 659 41.6
    Defacto Relationship 138 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1879 87.1
    Indonesia 19 0.9
    Papua New Guinea 31 1.4
    United Kingdom 112 5.2
    Other 30 1.4
    Others 86 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 1.0
    Christianity 1307 63.5
    Islam 8 0.4
    Other Religious Groups 11 0.5
    No Religion 704 34.2
    Others 7 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 77 9.6
    $1,000-$1,249 75 9.3
    $1,500-$1,999 88 10.9
    $2,000-$2,499 81 10.1
    $2,500-$2,999 80 9.9
    Others 404 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 689 40.1
    Not in the labour force 524 30.5
    Employed, worked part-time 399 23.2
    Employed, away from work 61 3.6
    Unemployed, looking for work 45 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 181 15.8
    Professionals 417 36.3
    Technicians & trades workers 104 9.1
    Community & personal service workers 109 9.5
    Clerical & administrative workers 141 12.3
    Others 196 17.1
    Occupation
    Census Count Percent(%)
    Pre-school 34 5.3
    Infants/Primary 245 38.2
    Secondary 159 24.8
    Technical or Further Educational Institution 45 7.0
    University or other Tertiary Institutions 141 22.0
    Others 18 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1822 88.0
    Flat, unit or apartment 200 9.7
    Semi-detached, row or terrace house, townhouse 49 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 331 37.8
    Fully owned 302 34.5
    Rented 239 27.3
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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