Invermay is a smaller suburb in Tasmania within the Launceston local government area (postcode 7248). With a population of 3,498, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Invermay is $480,000, having declined 5.5% over the past year. Units have a median price of $450,000 (+8.4% YoY). The current median weekly rent is $497. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,092.
Invermay is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 970, which is around the national average of 1,000. Public transport access includes 10 bus stops.
From an investment perspective, Invermay offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($480K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -5.5% year-on-year.
Invermay is a smaller suburb in Tasmania within the Launceston local government area (postcode 7248). With a population of 3,498, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Invermay is $480,000, having declined 5.5% over the past year. Units have a median price of $450,000 (+8.4% YoY). The current median weekly rent is $497. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,092.
Invermay is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 970, which is around the national average of 1,000. Public transport access includes 10 bus stops.
From an investment perspective, Invermay offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($480K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -5.5% year-on-year.