Question 1

Is Latrobe a nice place to live?

Accepted Answer

Latrobe is a compact riverside town on the Mersey River with farmland and coastal access nearby and the larger centre of Devonport within easy reach. A small heritage main street of Victorian and timber buildings hosts cafes, local shops and community facilities. Housing mixes older cottages and stone homes with modest suburban blocks and small hobby farms, and riverfront parks and sporting clubs shape everyday life.

The community of 5,030 has a median age of 43 and a median weekly household income of $1,173. Families are dominated by couples, about 80.7%, and 71.7% of homes are owner-occupied. Latrobe is included in the North West Hospitals Masterplan, with upgrades planned at Mersey Community Hospital; Bosworth Park has been redeveloped with a pump track, playground and dog park; and the council operates 57 community units plus seven social housing units for older residents. Whether Latrobe suits you depends on whether you want a small riverfront regional town with local shops and established housing.

Question 2

Is it expensive to live in Latrobe?

Accepted Answer

On the figures, housing in Latrobe sits well above local incomes as recorded at the most recent Census. A median house price of $668,500 is about 11.0 times a typical local household's annual income at the last Census (a typical local household earned about $1,173 a week at the last Census), and the median unit price of $508,000 is about 8.3 times that annual income.

Rents take a large share of a typical local household's weekly income at the last Census: the average house rent of $550 a week is about 46.9% of that weekly income, and the average unit rent of $440 a week is about 37.5%. If you're renting rather than buying, those rent shares are the figures that matter, and whether they 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 Latrobe a good place to invest?

Accepted Answer

Over the past 12 months Latrobe recorded strong gains in property values: median house values rose 17.2% and median unit values rose 13.8%. Rents moved differently, with house rents up 17.0% and unit rents up a more modest 2.3%.

Put simply, both houses and units showed substantial capital growth this year, while rental income growth was strongest on the house side. Which of those outcomes matters more will depend on your own investment goals and circumstances.

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	$669K	$508K
Change in value Past 12 months	17.2%	13.8%
Sold Past 3 months	24	12
Median days on market Past 12 months	46	24
Average rent Past 12 months	$550	$440
Change in rent Past 12 months	17.0%	2.3%

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