Mowbray is a compact suburb in Tasmania within the Launceston local government area (postcode 7248). With a population of 4,048, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $59K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% year-on-year at the LGA level. 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 community & personal service, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Mowbray has a median house price of $420,000, which has moved lower by 5.6% year-on-year. Units have a median price of $420,000 (+6.3% YoY). The current median weekly rent is $485. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,050.
Mowbray is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 7 bus stops.
Looking at the investment signals, Gross rental yield sits at around 6.0% (high yield). Property prices sit below the state median ($420K/$750K), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -5.6% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.