Suburb Profile Report for Launceston TAS (7250)

Launceston House: Median price $448,000, Annual capital growth 4.79%, Number of sales 68, Weekly median advertised rent $348

Launceston Unit: Median price $330,000, Annual capital growth 2.44%, Number of sales 29, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Launceston is in the TOP 20% in TAS when comparing median price capital growth over the last year. Launceston gave property investors a very good capital gain figure when compared to the rest of the state, with 19.47%.

Launceston,7250 was ranked 2659 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Launceston are currently offering property investors an average price cut of -6.29% below the asking price at the moment.

Launceston is 114th on a list of best yielding suburbs for rents in TAS with a 4.03% return

Investment property in Launceston has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.30%

If we look at median property appreciation over just the last three months, Launceston has given property investors a paper return of -0.15%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in TAS

Sellers are offering property buyers an average discount of -3.85% to buyers in Launceston at the moment, which is less than average for the rest of TAS.

With the median price for a house in Launceston being $330000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.88%

Metrics i HOUSE UNIT
$448,000 $330,000
0.00% -0.15%
19.47% 0.30%
4.79% 2.44%
$348 $310
68 29
4.03% 4.88%
69.6 52.44

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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