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Launching Place, VIC 3139
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$790,000
market range $725K-$900K
Median Unit
$550,000
Gross Yield (houses)
4.1%
1yr Growth (houses)
+6.8%
market range -2.5% to +10.0%
Investment snapshot for Launching Place
Launching Place has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Launching Place market and investor summary
Launching Place (VIC 3139) runs a median house price of $790K, with houses yielding a gross 4.1%. House prices have moved +6.8% over the past year and +19.2% over three years. At 1.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking.
Living in Launching Place: people, income and schools
Launching Place has a resident population of roughly 2,495, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and 91% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $95,000 a year, or roughly $1,830 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
There are 9 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 53 km from the CBD. It is fairly car-dependent; the suburb scores 4 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,495
- +0% over 5yr
- Median age
- 38 years
- Median household income
- $95,000/yr
- Households renting
- 9%
- Family households
- 49%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 9
- avg ICSEA 979
- Unemployment
- 4.9%
- Distance to CBD
- 53 km
- Walk score
- 4/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Launching Place
View all →Frequently asked questions about Launching Place
What should I check before investing in Launching Place?
Launching Place has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +6.8% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Launching Place?
The median property price in Launching Place, VIC 3139 is $790K for houses and $550K for units.
What rental yield does Launching Place show?
The gross rental yield in Launching Place is 4.1% for houses and 3.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Launching Place?
House prices in Launching Place are up 6.8% over the past year and up 19.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Launching Place?
The current vacancy rate in Launching Place is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Launching Place?
Launching Place has a population of approximately 2,495 residents, with a median age of 38.
What schools are near Launching Place?
There are 9 schools within roughly 5km of Launching Place. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Launching Place affordable to buy in?
A median house in Launching Place costs about 8.3 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Launching Place's population growing?
The population of Launching Place has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Launching Place from the CBD?
Launching Place is about 53 km from the CBD.
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