Mowbray is a smaller 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. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Mowbray is $420,000, having declined 5.6% over the past year. Units have a median price of $420,000 (+6.3% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.7%. 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.
From an investment perspective, Mowbray offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($420K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -5.6% year-on-year.
Mowbray is a smaller 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. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Mowbray is $420,000, having declined 5.6% over the past year. Units have a median price of $420,000 (+6.3% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.7%. 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.
From an investment perspective, Mowbray offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($420K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -5.6% year-on-year.