Launceston, TAS 7250
Meander Valley CouncilAll suburbs in postcode 7250
Updated
Median house price
$775,000
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Launceston itself.
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Launceston at a glance
- Median unit
- $502,500
- Population
- 3,110
- Median age 41
Prices: ABS statistical area (SA2) median · 2024 · Population: 2021 Census
House prices in Launceston
Across the ABS statistical area that takes in Launceston, houses changed hands at $775,000 in 2024, above the Tasmania median. An SA2 can take in surrounding localities, so this can differ from sales in Launceston itself. 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.
- Weekly rent (house)
- $285/wk
- Weekly rent (unit)
- $310/wk
Rental data as of April 2026
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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.
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.
Summer days here average around 25°C (mild), winter mornings around 3°C (cold). Annual rainfall lands at about 677 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 4 government secondary, 3 Catholic, 5 independent.
Schools in Launceston
Location
Walkability
- Walk
- 100/100
- Transit
- 0/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
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.
- Family households
- 51%
- Lone person
- 41%
- Owner occupied
- 47%
- Renter occupied
- 52%
Demographics data as of May 2026· ABS 2021 Census
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, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 1.91%
- On the $775,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 3.21%
- On the $502,500 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Weather year-round
- Annual rainfall
- 677 mm
- Hottest month, avg max
- 24.5°C
- Coldest month, avg min
- 2.7°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Launceston
- What is the median house price in Launceston?
- The median house price for the ABS statistical area (SA2) that takes in Launceston, TAS 7250 is $775,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Launceston itself. The median unit price is $502,500.
- How much is my house worth in Launceston?
- A useful starting point is the Launceston median house price of $775,000 (units $502,500). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Launceston postcode?
- Launceston is in the 7250 postcode, in TAS, in the Meander Valley Council region.
- Where is Launceston?
- Launceston is a suburb in the Meander Valley Council area, TAS 7250.
- 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?
- The population of Launceston is approximately 3,110 (2021 Census). The median age is 41.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.