Youngtown is a smaller suburb in Tasmania within the Launceston local government area (postcode 7249). With a population of 4,315, the suburb has an established demographic with a median age of 42. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Youngtown is $605,000, having increased 3% over the past year. Units have a median price of $430,000 (-7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,300.
Youngtown is served by 1 school, including 1 primary. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 31 bus stops.
From an investment perspective, Youngtown offers a gross rental yield of 5.4%, rated as high yield. Property prices are near the state median ($605K/$750K). The price-to-income ratio of 8.5x is considered moderate. House prices have moved +3.0% year-on-year.
Youngtown is a smaller suburb in Tasmania within the Launceston local government area (postcode 7249). With a population of 4,315, the suburb has an established demographic with a median age of 42. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Youngtown is $605,000, having increased 3% over the past year. Units have a median price of $430,000 (-7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,300.
Youngtown is served by 1 school, including 1 primary. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 31 bus stops.
From an investment perspective, Youngtown offers a gross rental yield of 5.4%, rated as high yield. Property prices are near the state median ($605K/$750K). The price-to-income ratio of 8.5x is considered moderate. House prices have moved +3.0% year-on-year.