Launching Place is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3139). With a population of 2,495, the suburb has an established demographic with a median age of 38. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Launching Place is $689,000, having grown strongly 6% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,789.
Launching Place 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 12 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Launching Place offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($689K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved +6.0% year-on-year.
Launching Place is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3139). With a population of 2,495, the suburb has an established demographic with a median age of 38. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Launching Place is $689,000, having grown strongly 6% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,789.
Launching Place 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 12 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Launching Place offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are near the state median ($689K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved +6.0% year-on-year.