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Launceston City Council, TAS

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LauThe Launceston City LGA Real Estate Market is strong strong with increasing demand Melbourne-based investors and home buyers. Launceston City LGA is one of the most affordable cities in Australia’s south-east region with an average household income of $57,000. It is an important coastal hub for the state, and has been identified as one of Australia’s top ten most livable cities.

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The Launceston City Council has been operating since 1838 when the first municipal council was established in the city. The Launceston City Council provides much-needed services to its residents and visitors, including clean water supply, sewerage disposal and treatment, municipal solid waste management, roading and traffic management, parks and open spaces management and a range of other services.

Tasmania is a great place to invest and live, but there is a housing market that is not on par with the rest of the country. It tends to lag behind the rest of the country.

Launceston City properties are more affordable than most other Australian cities, mostly because it is not as densely populated. The LGA’s real estate is worth investing in because it doesn’t have the high property prices of other cities.

The Launceston City Property Market is one of the fastest growing cities in Australia and it’s largely because of its strong economy and job opportunities. In addition to that, Launceston also offers an urban lifestyle, low crime rates and beautiful natural landscape.

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Suburb Heatmap Analysis

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.

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Capital Growth RCS™

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Yield chart
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GRC chart
Fundamentals
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

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Building Approvals

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SOM chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Launceston City Council, TAS

What other property markets are there near Launceston City?

Launceston City Council is surrounded by 6 other council areas – Meander Valley, Northern Midlands, George Town, Break O’Day, West Tamar, Dorset.

How many people live in Launceston City Council, TAS?

There are approximately 81000 people living in Launceston in roughly 37000 dwellings with an average 2.4 people per household

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

Launceston is undertaking a number of major projects which will benefit the local community, their economy & the environment. You can find more information on the Tasmanian Government website.

What major retailers are there in Launceston City Council, TAS?

Among the main retailers there are Kmarket, Best & Less, The Reject Shop, Glow Discount Cosmetics PTY Ltd, Mayer Launceston, Country Road.

What is the main industry in Launceston City Council, TAS?

There are more people in Launceston working in health care and social assistance than in any other industry. Also manufacturing, mining, agriculture, forestry &fishing are considerable industrial sectors.

What are the dominant demographic groups in Launceston City Council, TAS?

Among approximately 81000 people living in Launceston, males and females make up roughly 48% and 52% respectively. The median age is 40 years old.

How is unemployment rate trending in Launceston City Council, TAS?

Launceston’s unemployment rate for June 2021 was 7.9%.

Suburbs/localities in this Local Government Area: Dilston 7252, East Launceston 7250, Golconda 7254, Invermay 7248, Bangor 7267, Karoola 7267, Kings Meadows 7249, Lalla 7267, Launceston 7250, Lebrina 7254, Lilydale 7268, Lower Turners Marsh 7267, Mayfield 7248, Mount Direction 7252, Mowbray 7248, Myrtle Bank 7259, Newnham 7248, Newstead 7250, North Lilydale 7268, Norwood 7250, Nunamara 7259, Patersonia 7259, Pipers Brook 7254, Prospect 7250, Punchbowl 7249, Ravenswood 7250, Retreat 7254, Rocherlea 7248, South Launceston 7249, Springfield 7260, St Leonards 7250, Summerhill 7250, Swan Bay 7252, Targa 7259, Tayene 7259, Trevallyn 7250, Tunnel 7254, Turners Marsh 7267, Underwood 7268, Upper Blessington 7212, Waverley 7250, West Launceston 7250, Windermere 7252, Wyena 7254, Youngtown 7249, Burns Creek 7212

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