Latrobe Council, TAS

Latrobe Council is home to some of the most beautiful national parks in the world, visiting which is a great experience for any traveller. The Latrobe LGA is one of Tasmania’s most affordable regions with a house prices that are typically less than the state average. There are multiple factors that contribute to the market’s continued solid performance.

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It includes major towns like Latrobe and Devonport which are very popular with visitors due to their quaint appeal and scenic landscapes. Latrobe council is also an agricultural region that produces some of Tasmania’s best dairy products.

With the increasing population, the Latrobe LGA Real Estate Market has experienced a steady increase and market competitiveness. This has led to many new developments and developments that introduce innovative features like green-built and sustainable homes.

Latrobe Real Estate Market provides a solid return on investment and has been a great source of capital for first home buyers.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Latrobe Council, TAS

What LGAs neighbour Latrobe Council Property Market?

Latrobe Council is surrounded by 4 other council areas – West Tamar, Kentish, Devonport City, Meander Valley.

How many people live in Latrobe Council, TAS?

The estimated Resident Population for Latrobe City Council Area is approximately 12000 and has a population density of 19.95 persons/km².

What are current and planned infrastructure projects in Latrobe Council, TAS?

Among the main projects, there are Latrobe Valley Sport & Community Initiatives, Kernot Hall Redevelopment, Monash Reserve Upgrade, Latrobe Creative Precinct. You can find more information on the Tasmania Government website

What major retailers are there in Latrobe Council, TAS?

There are such retailers as Something 4 Everyone, Little Things Blossom, Reliquaire, Wells Clothing & Crafts, Hael XIII, Grandala Boutique.

What is the main industry in Latrobe Council, TAS?

The main industry are Accommodation and Food Services, Manufacturing, Electricity, Gas, Water, and Waste Service.

What are the dominant demographic groups in Latrobe Council, TAS?

Among approximately 12000 people in Latrobe males and females make up to 49% and 51% respectively. The median age of people is 47 years.

How is unemployment rate trending in Latrobe Council, TAS?

Among approximately 5000 people employed, 58% work full-time and 40% work part-time.

Suburbs/localities in this Local Government Area: East Devonport 7310, Harford 7307, Hawley Beach 7307, Bakers Beach 7307, Holwell 7275, Latrobe 7307, Beaconsfield 7270, Moriarty 7307, Northdown 7307, Port Sorell 7307, Sassafras 7307, Shearwater 7307, Spreyton 7310, Squeaking Point 7307, Tarleton 7310, Thirlstane 7307, Wesley Vale 7307, York Town 7270

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