Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine South Launceston due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in South Launceston provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in South Launceston necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.
|50 HEATHER ST, SOUTH LAUNCESTON, TAS, 7249||4||1||1||Best Offer Over $499,000|
|11 LESLIE ST, SOUTH LAUNCESTON, TAS, 7249||4||1||1||Offers Over $569,000|
|76 LAWRENCE VALE RD, SOUTH LAUNCESTON, TAS, 7249||2||1||1||Best offer over $495,000|
Glen Dhu Primary School(While the above schools are located with the suburb of South Launceston there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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