Summerhill is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 3,139, the suburb has an established demographic with a median age of 38. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Summerhill is $551,000, having declined 4.2% over the past year. Units have a median price of $428,000 (-18.6% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,300.
Summerhill is served by 1 school, including 1 primary. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 1 tram stop, 15 bus stops.
From an investment perspective, Summerhill offers a gross rental yield of 5.3%, rated as high yield. Property prices are near the state median ($551K/$750K). The price-to-income ratio of 8.0x is considered moderate. House prices have moved -4.2% year-on-year.
Summerhill is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 3,139, the suburb has an established demographic with a median age of 38. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Summerhill is $551,000, having declined 4.2% over the past year. Units have a median price of $428,000 (-18.6% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,300.
Summerhill is served by 1 school, including 1 primary. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 1 tram stop, 15 bus stops.
From an investment perspective, Summerhill offers a gross rental yield of 5.3%, rated as high yield. Property prices are near the state median ($551K/$750K). The price-to-income ratio of 8.0x is considered moderate. House prices have moved -4.2% year-on-year.