Median Sale Price
House
$515K
Updated on May 2022
2 BR $449K | 3 BR $515K | 4 BR $633K |
Unit
$393K
Updated on May 2022
1 BR - | 2 BR $380K | 3 BR $571K |
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 | $360,000 | 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% | $460,000 | $761,000 | 25 |
Median Sale Price
$520K
Based on 55 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+21.0%
Current Median Price: $520,000
Previous Median Price: $410,595
Based on 106 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$440
Updated on May 2022
2 BR $388 | 3 BR $445 | 4 BR $450 |
Unit
$370
Updated on May 2022
1 BR $290 | 2 BR $378 | 3 BR $440 |
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 | $400 | 24 |
| 2017 | $330 | +7.6% | $210 | $420 | 26 |
| 2018 | $350 | +5.7% | $260 | $550 | 30 |
| 2019 | $350 | 0.0% | $290 | $450 | 21 |
| 2020 | $370 | +5.4% | $315 | $450 | 17 |
| 2021 | $410 | +9.8% | $260 | $525 | 31 |
| 2022 | $450 | +8.9% | $420 | $600 | 7 |
Median Rent Price
$450
per week
Based on 16 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+8.9%
Current Median Rent: $450
Previous Median Rent: $410
Based on 48 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.5%
Current Median Price: $520,000
Current Median rent: $450
Based on 71 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
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 |