Suburb Profile Report for Launceston TAS (7250)

Launceston House: Median price $492,000, Annual capital growth 4.66%, Number of sales 46, Weekly median advertised rent $400

Launceston Unit: Median price $355,000, Annual capital growth 2.12%, Number of sales 48, Weekly median advertised rent $310

  • 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.

  • House Report
  • Unit Report

TAS has seen average median house prices change by 7.30% which means that Launceston, 7250 has done well for property investors by showing a capital gain of 5.81% over the last year

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

At number 53th of TAS’s most discounted properties, Launceston is in the middle of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $20800 per annum or $400 every week.

Over the last year, property investments in Launceston, 7250 have given investors a capital gain of -4.70%. This compares badly with the 2.66% for TAS as a whole.

Across a shorter period, Launceston, 7250 has seen a median price increase of -11.14% over the last quarter.

Vendor discounting in Launceston is giving property investors an average Vendor Discount of around -7.36%. This puts suburb at number 2nd in TAS when ranking the most discounted suburbs.

The TAS suburb of Launceston, 7250 is in the Launceston (C) local government area.

Metrics i HOUSE UNIT
$492,000 $355,000
6.96% -11.14%
5.81% -4.70%
4.66% 2.12%
$400 $310
46 48
4.23% 4.54%
54.3571428571429 45.0384615384615

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 : Above average (H), Above average (U)
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Demographics
Total population 2897
Median household income ($/weekly) 1007
Median age of persons 36
Median housing loan repayment ($/monthly) 1603
Average household size 2
  • Census Count Percent(%)
    20-24 years 383 13.2
    25-34 years 472 16.3
    35-44 years 365 12.6
    45-54 years 432 14.9
    55-64 years 368 12.7
    Others 877 30.3
    Age Group
    Census Count Percent(%)
    Not Married 1138 52.9
    Registered Married 744 34.6
    Defacto Relationship 268 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2225 80.8
    Indonesia 37 1.3
    Papua New Guinea 36 1.3
    United Kingdom 151 5.5
    Other 89 3.2
    Others 215 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.6
    Christianity 1463 56.6
    Hinduism 29 1.1
    Other Religious Groups 35 1.4
    No Religion 991 38.4
    Others 24 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 140 12.0
    $600-$799 124 10.7
    $800-$999 117 10.1
    $1,250-$1,499 106 9.1
    $1,500-$1,999 120 10.3
    Others 555 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 955 39.3
    Not in the labour force 750 30.9
    Employed, worked part-time 506 20.8
    Unemployed, looking for work 121 5.0
    Employed, away from work 97 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 197 12.7
    Professionals 500 32.1
    Technicians & trades workers 184 11.8
    Community & personal service workers 185 11.9
    Clerical & administrative workers 191 12.3
    Others 300 19.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 140 21.1
    Secondary 119 17.9
    Technical or Further Educational Institution 94 14.1
    University or other Tertiary Institutions 278 41.8
    Other type of educational institution 19 2.9
    Others 15 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1416 56.0
    Semi-detached, row or terrace house, townhouse 573 22.6
    Flat, unit or apartment 444 17.5
    House or flat attached to a shop, office 91 3.6
    Caravan, cabin, houseboat 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 637 51.4
    Fully owned 335 27.0
    Being purchased 264 21.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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