West Launceston is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 4,316, the suburb has an established demographic with a median age of 42. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in West Launceston is $605,000, having declined 3.7% over the past year. Units have a median price of $440,000 (-16.1% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,300.
West Launceston is served by 1 school, including 1 primary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 18 bus stops.
From an investment perspective, West Launceston offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($605K/$750K). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -3.7% year-on-year.
West Launceston is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 4,316, the suburb has an established demographic with a median age of 42. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in West Launceston is $605,000, having declined 3.7% over the past year. Units have a median price of $440,000 (-16.1% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,300.
West Launceston is served by 1 school, including 1 primary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 18 bus stops.
From an investment perspective, West Launceston offers a gross rental yield of 4.5%, rated as moderate yield. Property prices are near the state median ($605K/$750K). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -3.7% year-on-year.