Median Sale Price
House
$514K
Updated on Dec 2020
2 BR $363K | 3 BR $535K | 4 BR $578K |
Unit
$393K
Updated on Dec 2020
1 BR $206K | 2 BR $350K | 3 BR $721K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $355,000 | 0.0% | $192,000 | $14,000,000 | 58 |
| 2010 | $390,000 | +9.0% | $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 | 53 |
| 2014 | $345,000 | -7.2% | $130,000 | $1,200,000 | 54 |
| 2015 | $375,000 | +8.0% | $186,000 | $1,200,000 | 50 |
| 2016 | $375,000 | 0.0% | $157,500 | $2,000,000 | 78 |
| 2017 | $435,000 | +13.8% | $205,000 | $1,760,000 | 76 |
| 2018 | $452,000 | +3.8% | $45,500 | $3,250,000 | 60 |
| 2019 | $440,000 | -2.7% | $210,000 | $1,350,000 | 56 |
| 2020 | $585,000 | +24.8% | $330,000 | $1,405,177 | 47 |
| 2021 | $575,000 | -1.7% | $575,000 | $575,000 | 2 |
Median Sale Price
$585K
Based on 48 recorded sales within the last 12 months
Updated on 20 Jan 2021
Suburb Growth
+24.8%
Current Median Price: $585,000
Previous Median Price: $440,000
Based on 105 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$378
Updated on Dec 2020
2 BR $350 | 3 BR $400 | 4 BR $448 |
Unit
$310
Updated on Dec 2020
1 BR $250 | 2 BR $350 | 3 BR $440 | 4 BR $550 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $500 | 0.0% | $360 | $600 | 4 |
| 2012 | $420 | -19.0% | $260 | $450 | 3 |
| 2013 | $335 | -25.4% | $195 | $450 | 8 |
| 2014 | $320 | -4.7% | $170 | $500 | 93 |
| 2015 | $300 | -6.7% | $165 | $700 | 124 |
| 2016 | $340 | +11.8% | $170 | $590 | 115 |
| 2017 | $350 | +2.9% | $165 | $650 | 95 |
| 2018 | $390 | +10.3% | $220 | $670 | 81 |
| 2019 | $365 | -6.8% | $120 | $740 | 105 |
| 2020 | $380 | +3.9% | $165 | $750 | 131 |
| 2021 | - | - | - | - | - |
Median Rent Price
$380
per week
Based on 127 recorded rent within the last 12 months
Updated on 20 Jan 2021
Rent Price Growth
0.0%
Current Median Rent: $380
Previous Median Rent: $380
Based on 226 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.4%
Current Median Price: $585,000
Current Median rent: $380
Based on 175 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Launceston
Houses sold in Last 12 months ends 16 Jan 2021
$820K
Median Sale Price
100%
Clearance Rate
1/1
Sold/Reported
$820K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M (Median Price Range) | 1 | |
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 |