South Launceston is a smaller suburb in Tasmania within the Launceston local government area (postcode 7249). With a population of 4,894, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $71K 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 South Launceston is $538,000, having declined 3.9% over the past year. Units have a median price of $501,000 (+19.2% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,279.

South Launceston is served by 1 school, including 1 primary. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 32 bus stops.

From an investment perspective, South Launceston offers a gross rental yield of 5.6%, rated as high yield. Property prices are near the state median ($538K/$750K). The price-to-income ratio of 7.5x is considered moderate. House prices have moved -3.9% year-on-year.