Fast 50 Report 2026 Banner

South Launceston

POSTAL CODE: TAS, 7249
HOUSE
UNIT

Property investors enjoyed capital gains of 10.8% 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 9.28% growth over a ten-year period. It ranks 344th on our list of suburbs that property investors should look into.

SOUTH LAUNCESTON, 7249 has a capital gain of 10.8% for the past year, which is lower than average compared to its 57.24% growth within a five-year period.

With the median home price in SOUTH LAUNCESTON sitting at $597,500, and the average rent at $487.5, property owners could potentially earn a 4.24% increase in gross rental yield.

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.

Surburb overview

South Launceston, a suburb situated just 3 kilometres south of Launceston’s central business district, is a well-established area known for its mix of residential, commercial, and recreational amenities.

South Launceston has a population of approximately 5,000 residents. The suburb's proximity to the city centre, combined with its comprehensive amenities, makes it a desirable place to live.

South Launceston falls under the jurisdiction of the City of Launceston local government area. The council is dedicated to maintaining the suburb’s infrastructure and providing essential services.

Public transportation in South Launceston is well-developed, with several bus routes connecting the suburb to Launceston and other neighbouring areas.The suburb's road infrastructure is also excellent, facilitating smooth travel for those who prefer to drive.

The suburb is home to several educational institutions, including Glen Dhu Primary School and Launceston College, which cater to the educational needs of local families. These institutions provide quality education from kindergarten through to secondary levels, making South Launceston an appealing choice for families with children.

Healthcare services in South Launceston are readily accessible, with the nearby Launceston General Hospital providing comprehensive medical care. Additionally, there are several medical clinics and pharmacies within the suburb.

Shopping and dining options in South Launceston are plentiful. The suburb boasts a variety of shops, supermarkets, cafes, and restaurants that cater to diverse tastes and preferences. The Kings Meadows Shopping Centre, located nearby, provides residents with easy access to daily necessities and leisure activities.

Recreational activities are abundant in South Launceston, particularly for those who enjoy outdoor pursuits. The suburb is home to several parks and recreational spaces, including Coronation Park and Punchbowl Reserve, which offer walking trails, playgrounds, and picnic areas. These parks provide perfect settings for family outings and outdoor activities.

South Launceston’s combination of urban convenience, community spirit, and recreational opportunities makes it a desirable place to live. Its proximity to Launceston’s city centre, excellent public services, and vibrant community atmosphere offer residents a balanced and fulfilling lifestyle. The supportive local government and active community involvement ensure that South Launceston remains a welcoming and enjoyable place to call home.

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