City of Launceston
Invermay
Invermay at a glance
Median house
$480,000
Median unit
$450,000
Walk score
18
Very car dependent
Population
17.2k
Median age 33
The brief
What to know about Invermay.
Invermay (7248) sits in the Launceston region of Tasmania. The median house here is $480,000, below the Tasmania median of around $650K.
Invermay has roughly 17,177 residents, with a young-family demographic. Households are dominated by renters. Daily life is car-dependent: most residents drive to work, school and the shops.
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Day to day
What it’s like to live here.
Invermay scores 18/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 7 government primary, 4 government secondary, 4 Catholic, 4 independent.
Who lives here
Demographics.
The 2021 Census put Invermay's population at 17,177, with a median age of 33. That sits as a young-family demographic.
Population
17,177
Median age
33
Family households
–
Lone person
–
Houses change hands at $480,000 on a typical sale, below the Tasmania median. Units come in around $450,000, roughly 6% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $96,000. Prices are below the Tasmania median, which keeps Invermay on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$480,000
+0.0% over the past year. Median unit price $450,000.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$260/wk
Weekly rent (unit)
$221/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$480,000
$450,000
17,177
Median age: 33
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For investors
Investment overview.
Gross rental yield on houses sits at 2.82% (median rent $260/wk against a $480,000 price tag). Units yield 2.55% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.82%
Based on $480,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.55%
Based on $450,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Getting around
Walkability.
18
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Invermay.
Local schools for Invermay
View the catchment for each school to find out more.
Government School Catchment
Invermay Primary School
Launceston Big Picture School
Mowbray Heights Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Invermay.
- What is the median house price in Invermay?
- The median house price in Invermay, TAS 7248 is $480,000. The median unit price is $450,000. Annual growth is +0.0%.
- What is the Invermay postcode?
- Invermay is in the 7248 postcode, in TAS, in the City of Launceston region.
- What is the average rent in Invermay?
- The median weekly rent for houses is $260, for units it's $221.
- What schools are in Invermay?
- There are 20 schools serving Invermay on this page, including Invermay Primary School, St Finn Barr's Catholic Primary School, Launceston Big Picture School.
- How walkable is Invermay?
- Invermay has a Walk Score of 18 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Invermay?
- Invermay is close to Inveresk, Mowbray, Launceston, Trevallyn, Mowbray Heights.
- What is the population of Invermay?
- Invermay has approximately 17,177 residents. The median age is 33.
Invermay
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Surrounding Suburbs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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