Deloraine

POSTAL CODE: TAS, 7304
HOUSE

Property investors enjoyed capital gains of 9% over the last 12 months in DELORAINE, translating to lower returns compared with its peers in TAS.

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

The suburb posted a 13.86% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

On average, rents on listings have reached the $470 mark, reflecting a 4.25% increase in returns based on the current median price in DELORAINE.

DELORAINE, 7304 ranks 60th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 64th on the list of best yielding suburbs for rental properties in TAS, posting a 4.25% return.

Surburb overview

Deloraine, with the postcode 7304, is a picturesque town located approximately 50 kilometres west of Launceston in Tasmania. Nestled along the Meander River, Deloraine is known for its historic charm, vibrant arts scene, and beautiful natural surroundings. The population of Deloraine is around 3,000 residents, consisting of a diverse mix of families, artists, professionals, and retirees, contributing to a dynamic and welcoming community.

Deloraine falls under the jurisdiction of the Meander Valley Council, which ensures well-maintained infrastructure and community services. Public transportation is available, with bus services connecting Deloraine to Launceston and other nearby towns. The town is also easily accessible by car via the Bass Highway, facilitating convenient travel to Launceston and Devonport.

Educational facilities in Deloraine include Deloraine Primary School and Deloraine High School, catering to the educational needs of families with children from kindergarten through to Year 12. For further education, residents can access institutions in Launceston, including the University of Tasmania and various vocational training centres.

The town’s main street is lined with charming heritage buildings that house boutiques, art galleries, and specialty stores. The local Deloraine Deli and several other eateries provide residents with quality local produce and gourmet food options. For more extensive shopping needs, residents often travel to Launceston.

Deloraine is renowned for its recreational activities and natural attractions. The town is surrounded by stunning landscapes, including the Great Western Tiers and the Meander River. Popular nearby attractions include the Mole Creek Karst National Park, known for its limestone caves and unique geological features, and the Liffey Falls, a picturesque waterfall nestled in the rainforest.

The Deloraine Craft Fair, held annually, is one of Australia's largest craft fairs, attracting visitors from across the country to experience the region’s rich artistic heritage. The event features a wide range of handmade crafts, artworks, and local produce, celebrating the creativity and craftsmanship of the area.

The town has a range of clubs and organisations that offer activities and programs for residents of all ages. The Deloraine Community Complex provides sports facilities, a swimming pool, and spaces for community events and gatherings.

Residents of Deloraine benefit from its tranquil rural lifestyle while having access to the amenities and attractions of Launceston. The town’s historic charm, natural beauty, and vibrant community spirit make it a unique and appealing place to live for those who appreciate a close-knit community and a peaceful environment.

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