Launceston, TAS 7250

Launceston, TAS 7250

Compare Part of Launceston

161.37 km
Distance from CBD
46 k
Population
Median Sale Price
House
$464K
Updated on Jan 2020
2 BR
$435K
3 BR
$465K
4 BR
$610K
Unit
$367K
Updated on Jan 2020
1 BR
$290K
2 BR
$367K
3 BR
$468K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$355,000
0.0% $192,000 $14,000,000 58
2010
$390,000
+9.0% $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 53
2014
$345,000
-7.2% $130,000 $1,200,000 54
2015
$375,000
+8.0% $186,000 $1,200,000 50
2016
$375,000
0.0% $157,500 $2,000,000 78
2017
$435,000
+13.8% $205,000 $1,760,000 76
2018
$452,000
+3.8% $45,500 $3,250,000 60
2019
$440,000
-2.7% $210,000 $1,350,000 56
2020
$490,000
+10.2% $398,000 $700,000 9
Median Sale Price
$440K
Based on 56 recorded sales within the last 12 months
Updated on 26 Feb 2020
Suburb Growth
-2.7%
Current Median Price: $440,000
Previous Median Price: $452,000
Based on 118 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$350
Updated on Jan 2020
2 BR
$310
3 BR
$360
4 BR
$450
Unit
$280
Updated on Jan 2020
1 BR
$220
2 BR
$300
3 BR
$400
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$500
0.0% $360 $600 4
2012
$420
-19.0% $260 $450 3
2013
$335
-25.4% $195 $450 8
2014
$320
-4.7% $170 $550 93
2015
$300
-6.7% $165 $700 124
2016
$330
+9.1% $170 $590 115
2017
$350
+5.7% $165 $650 95
2018
$390
+10.3% $220 $670 81
2019
$370
-5.4% $120 $740 105
2020
$450
+17.8% $320 $620 10
Median Rent Price
$380
per week
Based on 93 recorded rent within the last 12 months
Updated on 26 Feb 2020
Rent Price Growth
-2.6%
Current Median Rent: $380
Previous Median Rent: $390
Based on 177 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.5%
Current Median Price: $440,000
Current Median rent: $380
Based on 149 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)

Auction Results For Launceston

Houses sold in Last 12 months ends 22 Feb 2020

$454K

Median Sale Price

100%

Clearance Rate

18/18

Sold/Reported

$710K

Highest Sale Price

Sold Price Range No. of Sold Properties
$600 K - $800 K 2
$400 K - $600 K
(Median Price Range)
4
less than $400 K 4

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