Latrobe is a mid-sized suburb in Tasmania within the Latrobe (Tas.) local government area (postcode 7307). It is home to about 5,030 residents, with an established family demographic and a median age of 43. Households earn a median income of $61K per year, with an average household size of 2.3 people. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Latrobe is $591,000, having risen steeply by 11.5% over the past year. Units have a median price of $429,000 (+4.6% YoY). The current median weekly rent is $335. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,300.
Latrobe is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 968, which is around the national average of 1,000. Public transport access includes 1 rail station, 16 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($591K/$750K). The price-to-income ratio of 9.7x is considered moderate. House prices have moved +11.5% year-on-year.