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Latrobe

POSTAL CODE: TAS, 7307
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Property investors enjoyed capital gains of 8.76% over the last 12 months in LATROBE, 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 10.03% growth over a ten-year period. It ranks 4448th on our list of suburbs that property investors should look into.

LATROBE, 7307 has a capital gain of 8.76% for the past year, which is lower than average compared to its 59.21% growth within a five-year period.

With the median home price in LATROBE sitting at $605,000, and the average rent at $500, property owners could potentially earn a 4.3% increase in gross rental yield.

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

LATROBE, 7307 in TAS belongs to the local government area of Latrobe (Tas.).

Surburb overview

Latrobe, with the postcode 7307, is a charming town located approximately 10 kilometres southeast of Devonport in Tasmania. Nestled along the banks of the Mersey River, Latrobe is known for its rich history, vibrant community, and beautiful natural surroundings. The population of Latrobe is around 4,000 residents, comprising a mix of families, professionals, and retirees who appreciate the town’s serene environment and strong sense of community.

Latrobe falls under the jurisdiction of the Latrobe Council, which ensures well-maintained infrastructure and community services. Public transportation options include bus services connecting Latrobe to Devonport and surrounding areas. The town is also easily accessible by car via the Bass Highway, facilitating convenient travel to Devonport and other nearby towns.

Educational facilities in Latrobe include Latrobe Primary School and Latrobe High School, catering to the educational needs of families with children from primary through to secondary levels. For higher education, residents have access to institutions in nearby Devonport, such as the University of Tasmania’s Cradle Coast campus and the TasTAFE Devonport campus.

For shopping and essential services, Latrobe offers a variety of local shops, supermarkets, cafes, and dining options within the town. The main shopping precinct along Gilbert Street features charming heritage buildings housing boutique stores, galleries, and eateries. For more extensive shopping and services, residents often travel to Devonport.

Latrobe is renowned for its recreational activities and natural beauty. The town is home to the popular Bells Parade, a scenic park along the Mersey River that features walking trails, picnic areas, and historical sites. The Australian Axeman’s Hall of Fame, located at Bells Parade, celebrates the town’s woodchopping heritage and hosts various events and exhibitions.

Outdoor enthusiasts can enjoy numerous walking and hiking trails in the area, including the Warrawee Forest Reserve, which offers opportunities for bushwalking, birdwatching, and exploring the diverse flora and fauna. The nearby Mersey River provides excellent opportunities for fishing, kayaking, and other water-based activities.

Latrobe also has a strong cultural scene, with various events and festivals held throughout the year. The annual Henley-on-Mersey Australia Day Festival is a highlight, featuring traditional games, woodchopping competitions, and family-friendly activities. The Latrobe Chocolate Winterfest is another popular event, celebrating all things chocolate with tastings, workshops, and entertainment.

Residents of Latrobe benefit from its tranquil rural lifestyle while having access to the amenities and attractions of Devonport. The town’s natural beauty, recreational opportunities, and rich heritage make it a unique and appealing place to live for those who value a close-knit community and a serene environment.

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