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South Launceston, TAS 7249
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$635,000
market range $600K-$725K
Median Unit
$445,000
market range $375K-$500K
Gross Yield (houses)
4.3%
1yr Growth (houses)
+15.7%
market range +5.0% to +27.5%
Investment snapshot for South Launceston
South Launceston has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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South Launceston market and investor summary
In South Launceston, TAS 7249, the median house sells for around $635K, on a gross rental yield of 4.3% for houses. House prices have moved +15.7% over the past year and +13.4% over three years. At 1.0% 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 4.3% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in South Launceston: people, income and schools
About 4,894 people live in South Launceston, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, and families account for 57% of households.
The typical household income runs to around $71,000 a year (about $1,370 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to about 8.9 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.
Families have 34 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Some errands can be done on foot, though a car still helps; the suburb scores 58 for walkability and 11 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 4,894
- +1% over 5yr
- Median age
- 36 years
- Median household income
- $71,000/yr
- Households renting
- 44%
- Family households
- 57%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 34
- avg ICSEA 1018
- Unemployment
- 3.1%
- Walk score
- 58/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in South Launceston
View all →Frequently asked questions about South Launceston
What should I check before investing in South Launceston?
South Launceston has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +15.7% in the past year shows strong 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 South Launceston?
The median property price in South Launceston, TAS 7249 is $635K for houses and $445K for units.
What rental yield does South Launceston show?
The gross rental yield in South Launceston is 4.3% for houses. 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 South Launceston?
House prices in South Launceston are up 15.7% over the past year and up 13.4% 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 South Launceston?
The current vacancy rate in South Launceston is 1.0%. 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 South Launceston?
South Launceston has a population of approximately 4,894 residents, with a median age of 36.
What schools are near South Launceston?
There are 34 schools within roughly 5km of South Launceston. 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 South Launceston affordable to buy in?
A median house in South Launceston costs about 8.9 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 South Launceston's population growing?
The population of South Launceston has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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