Launceston City Council, TAS
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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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.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Launceston City Council, TAS
Launceston City Council is surrounded by 6 other council areas – Meander Valley, Northern Midlands, George Town, Break O’Day, West Tamar, Dorset.
There are approximately 81000 people living in Launceston in roughly 37000 dwellings with an average 2.4 people per household
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.
Among the main retailers there are Kmarket, Best & Less, The Reject Shop, Glow Discount Cosmetics PTY Ltd, Mayer Launceston, Country Road.
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.
Among approximately 81000 people living in Launceston, males and females make up roughly 48% and 52% respectively. The median age is 40 years old.
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