Suburb Profile

Suburb profile for,

East Launceston, TAS 7250

About East Launceston

East Launceston (7250) is a suburb in Tasmania that continues to attract attention from both homeowners and investors.

Demographics and Community

East Launceston has a population of approximately 2,141, a median age of 41, a median weekly household income of $1,408.

Property Market Overview

The current median house price in East Launceston is $915,000. Average annual growth is 14.4%.

Properties in East Launceston spend an average of 14 days on market.

Rental Market

The median weekly rent for houses in East Launceston is $370. Gross rental yield is 3.50%, which is typical for a growth-oriented market.

Nearby Suburbs

Explore other suburb profiles in the area: Riverside, TAS, Launceston, TAS, Newstead, TAS, Norwood, TAS, Prospect Vale, TAS.

Considering East Launceston for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering East Launceston or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

East Launceston, TAS 7250

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
TAS
Suburb
EAST LAUNCESTON
Postcode
7250
Median price for all dwellings
$915,000
Last 12 months growth return
14.4%
Avg. dwellings for sale in the suburb every month
16
Avg. dwellings sold in the suburb in previous 12 months
23
Avg days on market for a dwelling listing to sell
14
Avg. number of people searching in this suburb every month
772
Avg. rental yield per annum
3.50%
Weekly median rent for all dwellings
$370
Median price for all houses
$915,000
Avg. rental yield growth in the previous 12 months
3.50%
Avg. days for a rental listing to find a tennant
15 days
Total suburb population in 2016
2141
Total suburb population change in 5 years up to 2016
-4.40%
Avg. household income per week
$1,408
Median age of the population in the suburb
41
Historic avg annual growth return per annum in the suburb
15.71%