This property is Off Market
With an average age of 46, households expect an average monthly mortgage payment of $1,191 or a weekly rent payment of $250. The average family earns a weekly income of $2,027 with a typical household size of 1.9 and a 94.7% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in West Launceston ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in West Launceston classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in West Launceston necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 1%)
West Launceston a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Tasmania State average 45 / 100
Income
63 / 100
41 / 100
Industry
50 / 100
40 / 100
Population
35 / 100
40 / 100
House Prices
74 / 100
65 / 100
Jobs
45 / 100
38 / 100
Incidents Trend State Average
Glen Dhu Primary School
South Launceston, TAS, 7249 State K-6
Sacred Heart Catholic School
Launceston, TAS, 7250 Independent Prep-6
Tamar Valley Steiner School
Launceston, TAS, 7250 Independent Prep-6
West Launceston Primary School
West Launceston, TAS, 7250 State K-6
John Calvin School
Launceston, TAS, 7250 Independent Prep-10
Launceston Big Picture School
Invermay, TAS, 7248 State 9-12
St Thomas More's Catholic School
Newstead, TAS, 7250 Independent Prep-6
East Launceston Primary School
East Launceston, TAS, 7250 State K-6
Launceston College
Launceston, TAS, 7250 State 11-12
Trevallyn Primary School
Trevallyn, TAS, 7250 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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