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South Launceston
AREA REPORTS

South Launceston

South Launceston - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7249

house
unit

Property investors enjoyed capital gains of 28.17% over the last 12 months in SOUTH LAUNCESTON, 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 7.67% growth over a ten-year period. It ranks 1077th on our list of suburbs that property investors should look into.

SOUTH LAUNCESTON, 7249 has a capital gain of 28.17% for the past year, which is higher than average compared to its 87.04% growth within a five-year period.

With the median home price in SOUTH LAUNCESTON sitting at $505,000, and the average rent at $435, property owners could potentially earn a 4.48% increase in gross rental yield.

A 28.17% increase in median property prices in SOUTH LAUNCESTON, 7249 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 87th.

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

SOUTH LAUNCESTON, 7249 in TAS belongs to the local government area of Launceston (C).

Data report can be found below

South Launceston
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $505,000 $325,000
GROWTH REPORT
Median Quarterly 8.02% 8.33%
Median 12 month 28.17% 18.18%
Median 3 years 51.25% 44.44%
Median 5 years 87.04% 47.73%
10 years average annual 7.67% 8.51%
Weekly media advert. rent $435 $365
Time on Market 24.1 days 22.4 days
Gross Rental Yield Percent 4.48% 5.84%
demographics (median values)*
Total Population
12774
Weekly Household Income
1086
Household Size
2.20
Age
39
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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