Question 1

Is West Launceston a nice place to live?

Accepted Answer

West Launceston is an inner-west suburb with a settled residential feel on gently sloping streets. Period cottages, bungalow-style homes and pockets of infill sit among established trees and neighbourhood parks. Residents have easy access to the city centre and to natural attractions like the South Esk River and Cataract Gorge for riverside walks. Local cafes, small shops and community facilities provide quiet everyday convenience and the housing mix appeals to professionals, families and older residents.

The community of 4,316 has a median age of 42. Housing is mostly owner-occupied (68.7%) with 31.2% rented, and couple families with and without children make up just over four in five families. A small program of park upgrades is under way, soccer goals have been installed at West Launceston Park, and Metro Tasmania buses run through the suburb; city-wide planning for a regional bus transit centre and park-and-ride is also in progress. Whether West Launceston suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in West Launceston?

Accepted Answer

Buying a house in West Launceston works out to about 9.2 times a typical local annual household income as recorded at the most recent Census, which places buying well above what people locally earned at that Census. Renting tells a different story: a house rent of $560 a week would take roughly 38.2% of a typical local household's weekly income at the last Census, a sizeable share, while a unit renting for $430 a week would take about 29.3%, a moderate share. Which measure matters most depends on whether you are looking to rent or to buy.

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 West Launceston a good place to invest?

Accepted Answer

The clearest movement here was in rental income: house rents jumped 13.1% over the past 12 months. In West Launceston, median house values rose a more modest 4.3% over the year, while unit rents increased 8.9%.

For someone weighing West Launceston up as an investment, the rent figures speak to rental income and the value change speaks to capital growth. On the data shown, the rent a house earns has been the stronger performer this year while house prices rose more slowly; whether that balance suits your goals and circumstances is for you to decide.

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	$704K	N/A
Change in value Past 12 months	4.3%	N/A
Sold Past 3 months	21	4
Median days on market Past 12 months	22	N/A
Average rent Past 12 months	$560	$430
Change in rent Past 12 months	13.1%	8.9%

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