Suburb Profile Report for Latrobe TAS (7307)

Latrobe House: Median price $248,000, Annual capital growth 3.15%, Number of sales 86, Weekly median advertised rent $280

Latrobe Unit: Median price $237,500, Annual capital growth 1.06%, Number of sales 17, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Latrobe, 7307 ranked 149th in TAS when comparing growth in median property values or capital gain over the last 12 months. Latrobe is one of 606 in our list for TAS

Across a shorter period, Latrobe, 7307 has seen a median price increase of 1.64% over the last quarter.

Property investors looking for a bargain in Latrobe should be aiming for at least -5.33% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.

The TAS suburb of Latrobe, 7307 is in the Latrobe local government area.

Investment property in Latrobe has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.17%

Over the longer term, Latrobe has seen property prices show investors a -12.04% return over the last 3 years. This is an improvement over the last 12 months

Property buyers and investors in Latrobe 7307 should be seeing an average reduction in asking price of around -4.90% . This means that Latrobe is holding prices well when compared to other suburbs in TAS.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$248,000 $237,500
1.64% 2.70%
1.22% 4.17%
3.15% 1.06%
$280 $250
86 17
5.87% 5.47%
98.98 175.83

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3897
Median household income ($/weekly) 851
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 502 12.9
    25-34 years 458 11.8
    35-44 years 470 12.1
    45-54 years 528 13.5
    55-64 years 566 14.5
    Others 1373 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 1389 49.4
    Not Married 1121 39.9
    Defacto Relationship 303 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3427 92.3
    New Zealand 20 0.5
    Papua New Guinea 25 0.7
    United Kingdom 153 4.1
    Other 26 0.7
    Others 62 1.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.7
    Christianity 2394 68.0
    Hinduism 9 0.3
    Islam 9 0.3
    No Religion 1076 30.6
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 10.1
    $400-$599 255 18.6
    $600-$799 161 11.7
    $800-$999 157 11.5
    $1,500-$1,999 141 10.3
    Others 519 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1304 43.6
    Employed, worked full-time 919 30.7
    Employed, worked part-time 532 17.8
    Employed, away from work 121 4.0
    Unemployed, looking for work 117 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 168 10.7
    Professionals 196 12.5
    Technicians & trades workers 273 17.4
    Community & personal service workers 179 11.4
    Labourers 252 16.1
    Others 502 32.0
    Occupation
    Census Count Percent(%)
    Pre-school 39 5.1
    Infants/Primary 348 45.8
    Secondary 197 26.0
    Technical or Further Educational Institution 111 14.6
    University or other Tertiary Institutions 47 6.2
    Others 17 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3314 91.7
    Flat, unit or apartment 170 4.7
    Semi-detached, row or terrace house, townhouse 90 2.5
    House or flat attached to a shop, office 40 1.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 538 36.2
    Being purchased 515 34.6
    Rented 426 28.6
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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