Median price · 7 years
Rolling 12-month median, all dwellings
$570,000+1.0% past 12 months
2020202120222023202420252026
Launceston
Mixed signals Growth score 56 Top 88% of sample
Risk score 32 Low · lower is better
Stability score 78 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Weak · 45
Listing scarcity15% Moderate · 65
Rental demand14% Strong · 71
Days on market12% Moderate · 56
Infrastructure investment11% Strong · 79
Jobs access10% Weak · 33
Population growth8% Moderate · 61
Income growth7% Weak · 39
New supply pressure5% · negative High · 59
Key metrics vs benchmarks
TAS column is the sample-state average; national is the whole sample.
| Metric | Launceston | TAS | National |
|---|---|---|---|
| Median price | $570,000 | $763,500 | $734,203 |
| 12-month growth | +1.0% | +6.1% | +8.4% |
| Gross rental yield | 4.0% | 3.9% | 4.0% |
| Vacancy rate | 1.0% | 1.0% | 1.3% |
| Days on market | 35 | 32 | 31 |
| Auction clearance | 55% | 58% | 62% |
| New supply pipeline | High | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
32Low risk
New supply pipelineApproved dwellings vs existing stock High · 59
Employment concentrationShare of jobs in the top two industries Low · 12
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 29
Vacancy pressureCurrent vacancy vs 2% threshold Low · 18
Hazard exposureFlood, bushfire and storm surge overlays Low · 9
Who lives here
ABS Census, latest release, aggregated to suburb
90,000population 40median age 60%owner-occupied 40%renting
Owner-occupiedRenting
Launceston is Tasmania's second city at the head of the Tamar Valley, identified as one of Australia's top investment hotspots for affordability and strong fundamentals. The heritage CBD and university campus provide steady employment.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Launceston General Hospital upgrades
- University of Tasmania campus expansion
- Legana Primary School (2025)
- Tamar Valley wine and tourism region
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