Launceston is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 3,110, the suburb has an established demographic with a median age of 41. Households earn a median income of $75K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Launceston is $775,000, having dropped significantly 11.9% over the past year. Units have a median price of $503,000 (-6.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,530.
Launceston is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 37 bus stops. Healthcare facilities include 1 public and 2 private hospitals.
From an investment perspective, Launceston offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($775K/$750K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved -11.9% year-on-year.
Launceston is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 3,110, the suburb has an established demographic with a median age of 41. Households earn a median income of $75K per year, with an average household size of 2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Launceston is $775,000, having dropped significantly 11.9% over the past year. Units have a median price of $503,000 (-6.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,530.
Launceston is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 37 bus stops. Healthcare facilities include 1 public and 2 private hospitals.
From an investment perspective, Launceston offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($775K/$750K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved -11.9% year-on-year.