Fast 50 Report 2026 Banner

Mowbray

POSTAL CODE: TAS, 7248
HOUSE
UNIT

Property investors enjoyed capital gains of 8.62% over the last 12 months in MOWBRAY, translating to lower returns compared with its peers in TAS.

A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 10.01% growth over a ten-year period. It ranks 4459th on our list of suburbs that property investors should look into.

MOWBRAY, 7248 has a capital gain of 8.62% for the past year, which is lower than average compared to its 62.93% growth within a five-year period.

With the median home price in MOWBRAY sitting at $472,500, and the average rent at $460, property owners could potentially earn a 5.06% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MOWBRAY are low, as opposed to average gains per annum over the past five years.

MOWBRAY, 7248 in TAS belongs to the local government area of Launceston.

Surburb overview

Mowbray, with the postcode 7248, is a vibrant suburb located approximately 4 kilometres north of Launceston’s central business district in Tasmania. Mowbray offers a dynamic and comfortable lifestyle to a population of around 4,000 residents, comprising a mix of families, professionals, students, and retirees who appreciate the suburb’s welcoming environment and strategic location.

Mowbray falls under the jurisdiction of the City of Launceston, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Launceston’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via major routes such as the East Tamar Highway and Invermay Road.

Educational facilities in Mowbray include Mowbray Heights Primary School and Launceston Church Grammar School, catering to the educational needs of families with children from primary through to secondary levels. The University of Tasmania’s Newnham campus is located within the suburb, providing higher education opportunities and attracting students and academics to the area. Additionally, the region offers various early childhood education centres, ensuring comprehensive educational opportunities for families.

The Mowbray Shopping Centre serves as a focal point for retail and community services, featuring a range of stores that cater to everyday needs. Additionally, the nearby Launceston CBD provides more extensive shopping, dining, and entertainment facilities.

Heritage Forest is a popular local spot featuring walking trails, playgrounds, and picnic areas, making it ideal for family outings and outdoor activities. The Tamar River, located a short distance away, offers further opportunities for water-based activities such as fishing, kayaking, and riverside walks.

The suburb’s proximity to Launceston allows residents to enjoy the city’s cultural and recreational attractions, including the Queen Victoria Museum and Art Gallery, the Cataract Gorge Reserve, and the Launceston Aquatic Centre. The scenic Tamar Valley, known for its wineries and vineyards, is also easily accessible, providing opportunities for wine tasting and exploring the region’s natural beauty.

Healthcare services in Mowbray are well-developed, with several medical clinics and specialists available within the suburb and nearby areas. The suburb’s proximity to the Launceston General Hospital ensures residents have access to comprehensive medical care.

Mowbray combines the convenience of suburban living with the accessibility of urban amenities, making it an attractive suburb for a diverse range of residents. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within the greater Launceston area. 

You’re out of free articles for this month
Loading form...