Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $360,000 | 0.0% | $192,000 | $14,000,000 | 61 |
| 2010 | $390,000 | +7.7% | $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 | 54 |
| 2014 | $345,000 | -7.2% | $130,000 | $1,200,000 | 54 |
| 2015 | $375,000 | +8.0% | $186,000 | $1,200,000 | 53 |
| 2016 | $385,000 | +2.6% | $157,500 | $2,000,000 | 85 |
| 2017 | $462,000 | +16.7% | $205,000 | $1,760,000 | 89 |
| 2018 | $455,000 | -1.5% | $45,500 | $3,250,000 | 64 |
| 2019 | $440,000 | -3.4% | $210,000 | $1,350,000 | 61 |
| 2020 | $570,000 | +22.8% | $305,000 | $3,170,000 | 54 |
| 2021 | $700,000 | +18.6% | $380,200 | $1,300,000 | 66 |
| 2022 | $820,000 | +14.6% | $360,000 | $2,200,000 | 57 |
| 2023 | $735,000 | -11.6% | $220,000 | $1,900,000 | 41 |
| 2024 | $700,000 | -5.0% | $410,000 | $2,260,000 | 50 |
Median Sale Price
$685K
Based on 54 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-7.3%
Current Median Price: $685,000
Previous Median Price: $735,000
Based on 92 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $500 | 0.0% | $360 | $700 | 4 |
| 2012 | $420 | -19.0% | $260 | $450 | 3 |
| 2013 | $335 | -25.4% | $195 | $490 | 8 |
| 2014 | $320 | -4.7% | $170 | $500 | 93 |
| 2015 | $310 | -3.2% | $165 | $700 | 124 |
| 2016 | $340 | +8.8% | $180 | $600 | 115 |
| 2017 | $350 | +2.9% | $165 | $650 | 95 |
| 2018 | $390 | +10.3% | $220 | $680 | 81 |
| 2019 | $380 | -2.6% | $120 | $740 | 105 |
| 2020 | $385 | +1.3% | $165 | $750 | 132 |
| 2021 | $450 | +14.4% | $270 | $980 | 85 |
| 2022 | $480 | +6.3% | $220 | $850 | 104 |
| 2023 | $470 | -2.1% | $270 | $900 | 112 |
| 2024 | $500 | +6.0% | $270 | $950 | 87 |
Median Rent Price
$500
per week
Based on 94 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+4.0%
Current Median Rent: $500
Previous Median Rent: $480
Based on 213 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $685,000
Current Median rent: $500
Based on 148 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
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 |