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Launceston, TAS 7250

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Launceston, TAS 7250 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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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

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory 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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0 thoughts on “Launceston, TAS 7250”

  1. The total adult population (15 years or older) of Launceston 7250 TAS is 2,836, with a median age of 41. Of those, 38.01% are married, 13.68% are divorced or separated, 43.62% are single and 4.69% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $8,140. The median monthly mortgage repayment for households in this suburb is $1,530 which is 18.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the picturesque state of TAS, the suburb of LAUNCESTON 7250 encompasses an approximate 3,757 households. Specialising in the housing market segment as of Q3 2023, a typical house in LAUNCESTON will set you back $775,356. With the median weekly rent situated at a comfortable $524, property investors stand to enjoy an indicative yield of 3.51%.

    In terms of socio-economic landscape, the suburb shines with an IRSAD score of 1008 out of a possible 1217 – a strong indication of a healthy socio-economic status and an area abundant with opportunities. However, on the flip side of the coin, the renter to owner ratio teeters on the higher end of the scale at 52%, placing the suburb slightly above the preferred range and signalling a higher proportion of renters.

    The ratio of units to houses is a manageable 28%, suggesting a predominantly housing market which generally attracts more families and long-term tenancies. In contrast is the area’s affordability index, which is 37 years for houses. This figure suggests that the suburb is less affordable, a factor that may deter some buyers.

    Turning our attention to the supply metrics, we find the stock on market Percentage for houses at a favourable low of 0.16%. This suggests limited supply making it attractive for sellers. In addition, inventory levels for houses are notably low at 0.98 months, further underscoring the scarcity of supply. The building approvals Ratio is marginally low at 0.16%, pointing towards a limited influx of new homes.

    Assessing the demand dynamics, the houses in LAUNCESTON don’t stay on the market for long with the ‘Days on Market’ averaging at a reasonable 35 days. The area’s vacancy rate (combining both houses and units) sits at a neutral 1.59%, indicating a balanced correlating demand. Closing out the metrics is the buy search index for houses, which meets the state average at 5.

    Certainly, LAUNCESTON 7250 presents mixed signals for potential property investors. There are many favourable factors including the yield, supply metrics, and the socio-economic score. However, the high renter to owner ratio and lengthy affordability index may give some investors pause. As with any property market, it’s imperative to consider the full context of these metrics alongside current property market conditions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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