Northern Midlands Council, TAS

The Northern Midlands Council TAS was established in 1989 and is located near Launceston. The council has been able to take advantage of the natural resources in the area which includes coal, timber and gold.

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The downside to living in the Northern Midlands Council region is that it seems to be a region that lacks a lot of industry, jobs and businesses. While there are some major employers with large, high-paying jobs available they tend to be the only options available for those looking for employment. In this region, most people have to work as tradesmen or in retail services.

The Northern Midlands Council TAS has many benefits for any prospective resident or property investor. From the cost of living to the rural lifestyle, this council has something for everyone.

Potential residents and investors will also enjoy a cheaper cost of living than in other council areas as well as a high quality of life in one of Tasmania’s most beautiful districts which is only a short drive from Launceston CBD.

Furthermore, Northern Midlands Council has plans to transform into one of Australia’s most sought after areas of housing. With high quality developments, high income earners would invest in this area of northern Tasmania.

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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.
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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 Northern Midlands Council, TAS

What other property markets are there near Midlands Council, TAS?

Northern Midlands Council is surrounded by 6 other council areas – Meander Valley, Glamorgan-Spring Bay, Southern Midlands, Break O’Day, Launceston City, Central Highlands.

How many people live in Midlands Council, TAS?

There are approximately 13000 people living in the Northern Midlands in roughly 6000 dwellings with an average of 2.3 people per household.

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

The Northern Midlands Irrigation Scheme is being built to provide water for central Tasmania, specifically the Macquarie, Barton, Conara, Campbell Town, Ross & Lower Isis Valley areas. The proposed project can provide irrigation water that is underpinned by large Hydro Tasmania storages in the central highlands of Tasmania.

What major retailers are there in Midlands Council, TAS?

There are markets, such as Evandale Sunday Markets, Liffey Valley Markets, Campbell Town Markets. Also, you can visit Meadow Mews Plaza, Longford Village Plaza, Little learners Play Store.

What is the main industry in Midlands Council, TAS?

More people in the Northern Midlands work in agriculture, forestry and fishing than any other industry.

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

Among approximately 13000 people living in Northern Midlands males and females make up to 50% each group. The median age of people in Northern Midlands is 46 years.

How is unemployment rate trending in Midlands Council, TAS?

There are approximately 5,500 people working in Northern Midlands of which 58% work full-time & 40% par-time.

Suburbs/localities in this Local Government Area: Cleveland 7211, Conara 7211, Cressy 7302, Deddington 7212, Devon Hills 7300, Epping Forest 7211, Evandale 7212, Avoca 7213, Lake Leake 7210, Lemont 7120, Liffey 7301, Longford 7301, Ben Lomond 7212, Nile 7212, Bishopsbourne 7301, Perth 7300, Poatina 7302, Powranna 7300, Blackwood Creek 7301, Relbia 7258, Blessington 7212, Ross 7209, Rossarden 7213, Royal George 7213, Toiberry 7301, Tooms Lake 7209, Breadalbane 7258, Tunbridge 7120, Western Junction 7212, White Hills 7258, Campbell Town 7210

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