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Youngtown

POSTAL CODE: TAS, 7249
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YOUNGTOWN, 7249 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $577,944.

Profits due to an upward trend in home prices in the suburb averaged 0.03% per annum over a 3-year period.

YOUNGTOWN now ranks at the 112th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $520 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In YOUNGTOWN, homes and units usually stay on listing for an average of 38.9 days.

In 2016, 66 properties were sold in YOUNGTOWN during the past year, making it the 29th most active market in TAS based on total real estate transactions.

Surburb overview

Youngtown is a suburb located approximately 7 kilometres south of the central business district (CBD) of Launceston, Tasmania. This close proximity to the CBD offers residents the convenience of urban amenities while enjoying the tranquillity of suburban living.

The population of Youngtown is around 4,500 residents, according to the most recent census data. The suburb has a diverse demographic mix, including families, young professionals, and retirees, creating a vibrant and inclusive community atmosphere.

Youngtown is part of the City of Launceston local government area. Public transportation in the suburb is well-developed, with regular bus services connecting Youngtown to Launceston's CBD and other surrounding areas. This accessibility is beneficial for residents who commute to work or frequently travel into the city.

The suburb is well-served by various nearby establishments and amenities. Educational institutions include Youngtown Primary School, which caters to the local community's educational needs. For shopping and everyday essentials, residents can visit the nearby Kings Meadows shopping precinct, which offers a range of retail stores, supermarkets, and dining options.

Youngtown is known for its parks and recreational facilities, providing residents with ample opportunities for outdoor activities. Punchbowl Reserve is a significant natural attraction in the area, featuring walking trails, picnic areas, and playgrounds. This reserve is popular among families and fitness enthusiasts, offering a peaceful retreat within close proximity to the city. Additionally, the suburb has several smaller parks and green spaces that cater to families and outdoor lovers.

The community spirit in Youngtown is strong, with various local events and activities organised throughout the year. These events help foster a sense of belonging and provide residents with opportunities to engage and socialise.

Youngtown's combination of suburban tranquillity and urban convenience makes it a desirable location for a wide range of residents. Its proximity to Launceston's CBD, coupled with the availability of quality schools, shopping centres, and recreational facilities, enhances its appeal as a prime residential suburb. The suburb's diverse demographic and strong community spirit contribute to its charm and desirability.

 

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