Meander Valley Council
Launceston
Launceston at a glance
Median house
$775,000
Median unit
$502,500
Walk score
100
Walker's paradise
Population
3,110
Median age 41
The brief
What to know about Launceston.
Launceston (7250) sits in the Meander Valley region of Tasmania. The median house here is $775,000, above the Tasmania median of around $650K.
Launceston has roughly 3,110 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Day-to-day life here is very walkable, with most errands manageable on foot.
Day to day
What it’s like to live here.
Launceston scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Schooling within or near the suburb covers 7 government primary, 4 government secondary, 3 Catholic, 5 independent.
Who lives here
Demographics.
The 2021 Census put Launceston's population at 3,110, with a median age of 41. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (47% own, 52% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (41%), often a marker of unit-heavy stock and walkable infrastructure.
Population
3,110
Median age
41
Family households
51%
Lone person
41%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $775,000 on a typical sale, above the Tasmania median. Units come in around $502,500, roughly 35% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $155,000. Prices sit above the Tasmania median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$775,000
+0.0% over the past year. Median unit price $502,500.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$285/wk
Weekly rent (unit)
$310/wk
Owner occupied
47%
Renter occupied
52%
At a deeper level
$775,000
$502,500
3,110
Median age: 41
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For investors
Investment overview.
Gross rental yield on houses sits at 1.91% (median rent $285/wk against a $775,000 price tag). Units yield 3.21% gross, often the better cash-flow play for first-time investors. With 52% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20241.91%
Based on $775,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.21%
Based on $502,500 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 · May 202647%
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.
100
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Launceston.
Local schools for Launceston
View the catchment for each school to find out more.
Government School Catchment
Launceston Big Picture School
East Launceston Primary School
Launceston College
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Launceston.
- What is the median house price in Launceston?
- The median house price in Launceston, TAS 7250 is $775,000. The median unit price is $502,500. Annual growth is +0.0%.
- What is the Launceston postcode?
- Launceston is in the 7250 postcode, in TAS, in the Meander Valley Council region.
- What is the average rent in Launceston?
- The median weekly rent for houses is $285, for units it's $310.
- What schools are in Launceston?
- There are 20 schools serving Launceston on this page, including Launceston Big Picture School, East Launceston Primary School, Launceston College.
- How walkable is Launceston?
- Launceston has a Walk Score of 100 out of 100, very walkable. transit score 0, bike score 100.
- What suburbs are near Launceston?
- Launceston is close to Inveresk, Elphin, East Launceston, Invermay, Newstead.
- What is the population of Launceston?
- Launceston has approximately 3,110 residents. The median age is 41.
For Sale
Launceston
Guides
Side by side
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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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