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City of Launceston

Population

70,055

Growth Performance Prediction

Top 55% of areas

Since 2015, the Picki High Performance Growth algorithm has been selecting the best places to invest across Australia. Over that time it has been responsible for selecting over 400 million dollars worth of properties for property investors and has generated 110% higher capital growth when compared to the average.

Overall Growth Potential

Based on key market indicators

55%Total Score

Key Market Indicators

High New Home Construction

Supply Score

1/5

Poor New Projects Upcoming

Project Score

2/5

Poor Population Forecasts

Population Score

3/5

Investment Outlook

Consider careful evaluation as some key growth indicators are showing potential concerns in this area.

Em

Employment Diveristy

Health Care and Social Assistance - 18.00%

Retail Trade - 14.00%

Education and Training - 11.00%

Accommodation and Food Services - 8.00%

Others - 49.00%

Commute Time

12mins

6kms

Common Transport Methods
car75%
walk6%
bus1%
Income Growth

Average Income

86 Suburbs in City of Launceston

Ordered by Best Projected Short Term Growth (Green = Buying window)

Trend Indicators:

Price/yield increasing compared to previous period
Price/yield decreasing compared to previous period
Suburb Name
Asking Price
Yield
Ravenswood (Tas.)
$369.0k
5.78%
Mayfield (Tas.)
$339.0k
6.05%
Mowbray (Tas.)
$459.0k
5.51%
Waverley (Tas.)
$329.0k
5.73%
Invermay (Tas.)
$479.0k
5.31%
Newnham
$475.0k
4.51%
Rocherlea
$335.0k
6.46%
Swan Bay (Tas.)
$699.0k
1.68%
Norwood (Tas.)
$599.0k
5.02%
West Launceston
$665.0k
4.51%
Youngtown
$600.0k
4.52%
Blessington
$460.0k
0%
Kings Meadows
$529.9k
4.66%
Launceston
$865.0k
4.42%
South Launceston
$585.0k
4.59%
Punchbowl (Tas.)
$435.0k
4.75%
Tayene
$325.0k
0%
Dilston
$1.3m
3.65%
Nunamara
$1.4m
0%
Relbia
$1.8m
1.18%
Underwood (Tas.)
$685.0k
3.83%
Lilydale (Tas.)
$895.0k
4.08%
Tunnel
$1.4m
3.25%
Wyena
$999.0k
0%
East Launceston
$845.0k
4.65%
St Leonards (Tas.)
$990.0k
4.79%
Newstead (Tas.)
$695.0k
4.03%
Karoola
$849.0k
0%
Bangor (Tas.)
$780.0k
0%
Lalla
$550.0k
2.74%
Prospect (Tas.)
$535.0k
4.59%
Summerhill
$555.0k
5.00%
Lebrina
$699.0k
0%
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