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.

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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.
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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.
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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.
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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.
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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 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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