Summerhill suburb profile
Summerhill is a peaceful suburb located in the northern city of Launceston, Tasmania, known for its family-friendly atmosphere and scenic surroundings. Situated just a short drive from the city center, it offers residents a tranquil lifestyle with the convenience of urban amenities nearby. The suburb is characterized by its leafy streets, well-maintained parks, and a strong sense of community. Summerhill is home to a mix of housing styles, from charming older homes to modern developments, catering to a diverse range of residents. Its proximity to schools, shopping centers, and recreational facilities makes it an attractive choice for families and individuals seeking a balanced lifestyle.
Summerhill property market performance
Summerhill's property market has experienced modest growth over the past 12 months, with house values increasing by 1.9% and unit values by 1.8%. The median house price currently stands at $528,000, while units are priced at $222,500, indicating a stable market environment.
Sales activity has been relatively low, with 10 houses and just 1 unit sold in the past 12 months. Houses are selling quickly, with a median of 16 days on the market, whereas units are taking longer, with a median of 30 days, suggesting a slower pace in the unit market.
The rental market in Summerhill has shown varied trends, with house rents remaining unchanged over the last 12 months, while unit rents have increased by 6.1%, reflecting a stronger demand for rental units in the area.
Median price - houses$520KPast 3 months
Median price - units$287KPast 3 months
Change in value - houses-0.9%12 months
Change in value - units1.8%12 months
Houses sold8Past 3 months
Units sold1Past 3 months
Median DOM - houses14.5Past 12 months
Median DOM - units29.5Past 12 months
Average rent - houses$485Past 12 months
Average rent - units$408Past 12 months
Change in rent - houses-1.0%Past 12 months
Change in rent - units-4.1%Past 12 months
Summerhill demographics
Summerhill, located in the northern part of Tasmania, is a suburb known for its family-friendly atmosphere and community-oriented lifestyle. With a population of 3,139, it offers a peaceful environment that appeals to families and individuals seeking a quieter pace of life. The median age of 38 suggests a mature community with a mix of young families and established residents who appreciate the suburb's balance of suburban tranquility and accessibility to nearby amenities.
The suburb's housing landscape is characterized by a high rate of home ownership, with 32.7% of properties owned outright and 40.1% owned with a mortgage. This indicates a stable community with a significant number of long-term residents. Renting is less common, with only 27.2% of properties being rented, which may appeal to those looking for a more permanent place to settle down.
Family structures in Summerhill are diverse, with 38.8% of households being couple families with children and 37.6% being couple families without children. One-parent families make up 21.9% of the community, reflecting a supportive environment for various family dynamics. The suburb's median household income of $1,327 per week aligns with its family-oriented nature, providing a comfortable standard of living for its residents. Overall, Summerhill offers a welcoming and stable environment, ideal for those seeking a community-focused lifestyle in Tasmania.
Summerhill infrastructure, key developments and investment opportunities
Summerhill is experiencing steady growth and development that may impact its property market. The recent completion of upgrades to Summerdale Primary School has enhanced local education facilities, potentially attracting more families to the area. Additionally, ongoing residential developments are increasing housing supply and modernizing parts of the suburb.
The suburb's proximity to Launceston CBD (about 6km south) and good public transport links continue to be key selling points. While no major infrastructure projects are currently underway specifically in Summerhill, the broader Launceston area is seeing investments in healthcare and transport that may indirectly benefit the suburb. Overall, Summerhill remains an attractive option for families and professionals seeking a quiet residential area with easy access to city amenities.
Summerhill rental market trends
The rental market in Summerhill has shown stability, with house rents remaining unchanged at $480 per week over the past year. In contrast, unit rents have experienced a 6.1% increase, reaching $438 per week. This steady demand for units highlights Summerhill's appeal to renters seeking affordable options in a well-established suburb.
Suburbs near Summerhill
Some popular suburbs near Summerhill include: