Median Sale Price
House
-
Updated on Jul 2023
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jul 2023
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $360,000 | 0.0% | $192,000 | $14,000,000 | 61 |
| 2010 | $390,000 | +7.7% | $200,000 | $9,250,000 | 49 |
| 2011 | $340,000 | -14.7% | $176,000 | $1,200,000 | 63 |
| 2012 | $345,000 | +1.4% | $157,000 | $1,340,000 | 44 |
| 2013 | $370,000 | +6.8% | $155,000 | $1,200,000 | 54 |
| 2014 | $345,000 | -7.2% | $130,000 | $1,200,000 | 54 |
| 2015 | $375,000 | +8.0% | $186,000 | $1,200,000 | 53 |
| 2016 | $385,000 | +2.6% | $157,500 | $2,000,000 | 85 |
| 2017 | $462,000 | +16.7% | $205,000 | $1,760,000 | 89 |
| 2018 | $455,000 | -1.5% | $45,500 | $3,250,000 | 64 |
| 2019 | $440,000 | -3.4% | $210,000 | $1,350,000 | 61 |
| 2020 | $570,000 | +22.8% | $305,000 | $3,170,000 | 54 |
| 2021 | $700,000 | +18.6% | $380,200 | $1,300,000 | 66 |
| 2022 | $820,000 | +14.6% | $360,000 | $2,200,000 | 57 |
| 2023 | $585,000 | -40.2% | $295,000 | $1,900,000 | 28 |
Median Sale Price
$635K
Based on 42 recorded sales within the last 12 months
Updated on 28 Sep 2023
Suburb Growth
-26.1%
Current Median Price: $635,000
Previous Median Price: $801,000
Based on 100 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2023)
Price Range Segments (12 months ending Aug 2023)
Median Weekly Rent Price
House
-
Updated on Jul 2023
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jul 2023
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $500 | 0.0% | $360 | $700 | 4 |
| 2012 | $420 | -19.0% | $260 | $450 | 3 |
| 2013 | $335 | -25.4% | $195 | $490 | 8 |
| 2014 | $320 | -4.7% | $170 | $500 | 93 |
| 2015 | $310 | -3.2% | $165 | $700 | 124 |
| 2016 | $340 | +8.8% | $180 | $600 | 115 |
| 2017 | $350 | +2.9% | $165 | $650 | 95 |
| 2018 | $390 | +10.3% | $220 | $670 | 81 |
| 2019 | $380 | -2.6% | $120 | $740 | 105 |
| 2020 | $385 | +1.3% | $165 | $750 | 132 |
| 2021 | $450 | +14.4% | $270 | $980 | 85 |
| 2022 | $480 | +6.3% | $220 | $850 | 104 |
| 2023 | $465 | -3.2% | $270 | $900 | 81 |
Median Rent Price
$480
per week
Based on 110 recorded rent within the last 12 months
Updated on 28 Sep 2023
Rent Price Growth
0.0%
Current Median Rent: $480
Previous Median Rent: $480
Based on 202 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.9%
Current Median Price: $635,000
Current Median rent: $480
Based on 152 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2023)
Schools closest to Launceston, TAS 7250
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Sacred Heart Catholic SchoolTop 20 | 227 YORK STREETLaunceston 7250 | Primary | Catholic | 0.86 km |
| John Calvin SchoolTop 10 | 53 HOWICK STLaunceston 7250 | Combined | Independent | 1.3 km |
| East Launceston Primary School | 18 MARY STREETEast Launceston 7250 | Primary | Government | 1.18 km |
| West Launceston Primary School | 24-38 BASIN ROADWest Launceston 7250 | Primary | Government | 1.61 km |
| Invermay Primary School | 35 - 43 MAYNE STREETInvermay 7248 | Primary | Government | 1.84 km |
| The Launceston Preparatory SchoolTop 5 | 117-119 ELPHIN RDLaunceston 7250 | Primary | Independent | 1.58 km |
| St Thomas More's Catholic School | 125 ABBOTT STNewstead 7250 | Primary | Catholic | 1.7 km |
| Glen Dhu Primary School | 270 WELLINGTON STREETSouth Launceston 7249 | Primary | Government | 2.13 km |