Question 1

Is East Launceston a nice place to live?

Accepted Answer

East Launceston is an inner residential suburb just east of Launceston’s centre, with quiet, tree-lined streets and a mix of older timber and brick cottages alongside more recent townhouses. It attracts families, professionals and retirees who want relatively easy access to the city’s shops, cafes and cultural precinct while still having local pocket parks and a calmer streetscape. The suburb is practical for everyday life, served by regular bus routes and main roads, and it sits within easy reach of riverside walking trails along the Tamar and the services of the city.

About 2,270 people live in East Launceston, with a median age of 41 and a median total household income of $1,885 a week (about $98,000 a year). The community is strongly weighted towards couple families and most homes are owner-occupied. Nearby infrastructure activity includes redevelopment around the Launceston General Hospital precinct with a planned Northern Mental Health Precinct, a redeveloped primary school with new kindergarten and updated learning spaces, and local accessibility upgrades at the croquet club. Whether that mix suits you will depend on what you value in a suburb.

Question 2

Is it expensive to live in East Launceston?

Accepted Answer

Rents in East Launceston run to about $580 a week for houses and $460 a week for units. Against a typical local household income of $1,885 a week at the last Census, a house rent would take about 30.8% of that income (roughly a third) and a unit rent about 24.4% (about a quarter).

On these figures house rents sit in the sizeable-share band of local income while unit rents are in the moderate-share band, so renting is the clear cost to judge here. Whether those shares feel expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is East Launceston a good place to invest?

Accepted Answer

In East Launceston, house values climbed 6.1% over the past 12 months, a solid rise, while house rents increased 5.5%. For houses, that means capital growth slightly outpaced rental income over the year.

Unit rents jumped 12.2% over the same period, a strong rise, so the rent a unit earns has been the stronger performer this year. How that balance fits your investment goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	6.1%	N/A
Sold Past 3 months	11	1
Median days on market Past 12 months	55	N/A
Average rent Past 12 months	$580	$460
Change in rent Past 12 months	5.5%	12.2%

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