TAS, 7250

Thinking about buying in Launceston? Now could not be a better time, with 5305 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $508,000 with prices in this suburb ranging from $22,000 to $4,566,000. The aproximate distance to the coast is 42 Km.

Household Makeup

Median Weekly Rent $298.44
Median Monthly Mortgage $1310.56
Median Persons Per Bedroom 0.81
Average Household Size 2.00
Average Age 40.33
Average Income $813.78
Average Cars Per Dwelling 1.41
Average Properties Within 50M 35

Housing Stock

Average Property Prices

1 Bed  $314,000
2 Bed  $335,000
3 Bed  $487,000
4 Bed  $544,000
5 Bed  $835,000
6 Bed+$726,000

Launceston Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Launceston ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Launceston classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Launceston requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Launceston

Elders UNIT 1, 47 WELMAN ST, LAUNCESTON, TAS, 7250 Beds4 Bathrooms2 Parking 6 Offers Over 1.8 million
Elders UNIT 1, 6 HOME POINT PDE, LAUNCESTON, TAS, 7250 Beds3 Bathrooms2 Parking 2 Contact Agent
Elders UNIT 12, BALFOUR COURT, 116-118 BALFOUR ST, LAUNCESTON, TAS, 7250 Beds3 Bathrooms2 Parking 2 Offers Over $990,000
Elders UNIT 5, 44-50 CAMERON ST, LAUNCESTON, TAS, 7250 Beds2 Bathrooms2 Parking 1 Offers Over $550,000
The Agency UNIT 1, 109 GEORGE ST, LAUNCESTON, TAS, 7250 Beds2 Bathrooms1 Parking 1 Offers Over $849,000
The Agency UNIT 2, 113 MARGARET ST, LAUNCESTON, TAS, 7250 Beds1 Bathrooms1 Parking 1 Offers Over $429,000

Local Schools

Sacred Heart Catholic School

Launceston College

Tamar Valley Steiner School

John Calvin School

Launceston Big Picture School

Newstead College

East Launceston Primary School

West Launceston Primary School

The Launceston Preparatory School

St Thomas More's Catholic School

(While the above schools are located with the suburb of Launceston there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Launceston weather - Average Local Climate by month

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source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

East LauncestonInvermayNewsteadSouth LauncestonWest LauncestonPunchbowlMowbrayTrevallynRavenswoodSummerhill

Public Transport

General Points of Interest

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