Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $263,000 | 0.0% | $183,000 | $479,000 | 59 |
| 2010 | $270,000 | +2.6% | $226,000 | $580,000 | 44 |
| 2011 | $263,000 | -2.7% | $214,000 | $370,000 | 47 |
| 2012 | $250,100 | -5.2% | $195,000 | $625,000 | 43 |
| 2013 | $240,000 | -4.2% | $180,000 | $605,000 | 40 |
| 2014 | $266,000 | +9.8% | $152,000 | $395,000 | 47 |
| 2015 | $270,000 | +1.5% | $178,000 | $435,000 | 52 |
| 2016 | $280,000 | +3.6% | $168,000 | $446,500 | 48 |
| 2017 | $285,000 | +1.8% | $147,000 | $451,000 | 49 |
| 2018 | $325,000 | +12.3% | $140,223 | $885,000 | 48 |
| 2019 | $312,000 | -4.2% | $245,000 | $480,000 | 49 |
| 2020 | $360,000 | +13.3% | $265,000 | $710,000 | 54 |
| 2021 | $475,000 | +24.2% | $290,000 | $700,000 | 53 |
| 2022 | $541,000 | +12.2% | $350,000 | $1,502,000 | 50 |
| 2023 | $545,000 | +0.7% | $372,000 | $1,630,000 | 47 |
| 2024 | $530,000 | -2.8% | $451,000 | $775,000 | 14 |
Median Sale Price
$535K
Based on 44 recorded sales within the last 12 months
Updated on 19 Apr 2024
Suburb Growth
-2.8%
Current Median Price: $535,000
Previous Median Price: $550,000
Based on 96 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | - | - | - | - | - |
| 2013 | $320 | 0.0% | $320 | $320 | 1 |
| 2014 | $295 | -8.5% | $245 | $400 | 25 |
| 2015 | $300 | +1.7% | $160 | $465 | 47 |
| 2016 | $305 | +1.6% | $265 | $540 | 24 |
| 2017 | $330 | +7.6% | $210 | $420 | 26 |
| 2018 | $360 | +8.3% | $260 | $550 | 30 |
| 2019 | $350 | -2.9% | $290 | $450 | 21 |
| 2020 | $370 | +5.4% | $315 | $450 | 17 |
| 2021 | $420 | +11.9% | $260 | $525 | 31 |
| 2022 | $460 | +8.7% | $390 | $600 | 23 |
| 2023 | $495 | +7.1% | $420 | $695 | 23 |
| 2024 | $480 | -3.1% | $420 | $520 | 8 |
Median Rent Price
$480
per week
Based on 26 recorded rent within the last 12 months
Updated on 19 Apr 2024
Rent Price Growth
+4.2%
Current Median Rent: $480
Previous Median Rent: $460
Based on 49 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.7%
Current Median Price: $535,000
Current Median rent: $480
Based on 70 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Schools closest to Summerhill, TAS 7250
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Summerdale Primary School | 82 - 84 STANLEY STREETSummerhill 7250 | Primary | Government | 0.19 km |
| St Patrick's CollegeTop 20 | 282 WESTBURY ROADProspect Vale 7250 | Secondary | Catholic | 0.42 km |
| Prospect High School | RALPH STREETProspect 7250 | Secondary | Government | 0.97 km |
| West Launceston Primary School | 24-38 BASIN ROADWest Launceston 7250 | Primary | Government | 2.03 km |
| Glen Dhu Primary School | 270 WELLINGTON STREETSouth Launceston 7249 | Primary | Government | 1.82 km |
| John Calvin SchoolTop 10 | 53 HOWICK STLaunceston 7250 | Combined | Independent | 2.53 km |