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South Launceston, TAS 7249

Home » TAS Real Estate Data » Launceston City Council, TAS » South Launceston, TAS 7249

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 South Launceston, TAS 7249 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “South Launceston, TAS 7249”

  1. The total adult population (15 years or older) of South Launceston 7249 TAS is 4,107, with a median age of 36. Of those, 34.62% are married, 13.78% are divorced or separated, 44.22% are single and 7.21% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,544. The median monthly mortgage repayment for households in this suburb is $1,279 which is 16.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania, the suburb of South Launceston, postcode 7249, is a thriving property market of approximately 2627 households. The third quarter of 2023 brought several crucial statistics to light for those interested in investing in the local property market.

    Among the primary indicators, the typical house prices hovered at an average of $578,380. Meanwhile, the median weekly rent stands at $479, these numbers culminate in an impressive indicative yield of 4.31%, meeting the minimum requirements for cashflow-centered property investors and suggesting that potential investors can look forward to a favourable return on their investment.

    On its socio-economic front, South Launceston scored 958 out of a possible 1217 according to the Index of Relative Socioeconomic Advantage and Disadvantage (IRSAD), indicating that the locality enjoys a fairly adequate economic status.

    Another important metric to consider in the property market is the renter to owner ratio. In South Launceston, this ratio is recorded at 44% which is slightly higher than the preferable limit and on the cusp of being considered questionable due to the high proportion of renters. That said, the suburb presents an attractively low units to houses ratio of only 11%, primarily a residential market.

    Economic accessibility can further be appreciated through the Affordability Index, which represents the time it would take for a property to be completely owned. In South Launceston, this metric is at around 30 years, which is considered fair and signals that most residents find it relatively feasible to own a home.

    Moving on to supply metrics for the suburb, the stock on market Percentage for houses is at a favourable low level of 0.41%. Likewise, the inventory level is also favourable at just 1.52 months. South Launceston’s building approvals Ratio, indicating newly approved houses, is at the lower end of the scale at 0.41%, further emphasising the manageable supply of dwellings.

    In terms of demand indicators, the average days on market for houses was 81, suggesting a slightly cooler demand pace within the housing market. However, the suburb maintains a strong balance with a vacancy rate of only 1.55%, indicating favourable demand and limited vacancies.

    Lastly, the Buy Search Index, which measures the tendency of online searches, is at a moderate level of 4 for houses.

    Overall, these figures suggest South Launceston’s property market is well balanced with a strong socio-economic climate and an appealing rental yield. However, being mindful of the slightly high renter to owner ratio and cool pace of the market is crucial to making a fully informed investment decision. Don’t forget, our Relative Composite Score (RCS) provides a holistic view of the property market, taking into account over 80 metrics to aid your decision-making process.

    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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