Fraud Blocker

West Launceston, TAS 7250

Home » TAS Real Estate Data » Launceston City Council, TAS » West 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 West 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “West Launceston, TAS 7250”

  1. The total adult population (15 years or older) of West Launceston 7250 TAS is 3,657, with a median age of 42. Of those, 44.08% are married, 14.52% are divorced or separated, 37.24% are single and 4.24% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,088. The median monthly mortgage repayment for households in this suburb is $1,300 which is 16.07% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Tasmania, the suburb of West Launceston 7250 is home to an estimated 2,197 households. The quarter three statistics for 2023 reveal interesting details about the local property market.

    In terms of prices, typical houses in West Launceston average around $630,561. The place seems to yield a desirable cash flow for property investors, with median weekly rent sitting at $504, producing a promising indicative yield of 4.16%. This is above the minimum 3% market requisite, displaying a potential for high rental income.

    On the socio-economic front, the area has an IRSAD score of 994 out of 1,217 showing a decent socio-economic standing among its inhabitants. However, a renter to owner ratio of 44% might raise an eyebrow among investors looking for stability, as this indicates a higher proportion of renters which tends to lower long term returns despite higher rent.

    The suburb seems to cater more towards families and house owners rather than unit rentals, with a units to houses ratio of a mere 9%. This implies less competition among landlords and greater chances of securing long-term tenants. Furthermore, the area has an attractive low ‘Stock on Market’ Percentage of 0.19%, and an impressively low inventory level of 0.68 months, indicating a favourable low supply.

    In term of the area’s affordability, the index sits at 31 years, which signifies a reduced affordability in the region. This might indicate higher potential for gains due to increasing property values but might be a barrier for new homeowners. Additionally, the building approvals Ratio for the quarter sat at 0.42%, suggesting a low supply of new dwellings.

    With an average of 42 days on the market, West Launceston shows a noticeably high demand considering the average is above the desirable 35 day threshold. The vacancy rate, including both houses and units, at 1.03% is in favour of high demand which can ensure steady rental income for investors. Lastly, the buy search index at 5 suggests a healthy level of interest in purchasing properties within the area.

    In summary, while prospective investors should factor in the relatively high renter to owner ratio and slightly less affordable housing, West Launceston’s strong demand, low supply and higher than average socio-economic score make it an area worth considering. Investors should however monitor the market developments to make the most favourable decisions and should note that it’s acceptable if some metrics are not in the favourable ranges, as long as the majority are. Remember, the RCS metric by HtAG Analytics simplifies this research.

    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.

Leave a comment