Launching Place at a glance
Median house
$706,300
Median unit
$288,000
Walk score
2
Very car dependent
Population
2,495
Median age 38
The brief
What to know about Launching Place.
The postcode for Launching Place is 3139 (VIC), part of Greater Melbourne.
The median house price in Launching Place is $706,300.
Launching Place (3139) sits in the Cardinia region of Victoria. The median house here is $706,300, below the Victoria median of around $850K.
Launching Place has roughly 2,495 residents, with a typical family-age mix. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Day to day
What it’s like to live here.
Launching Place scores 2/100 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.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 8 government primary, 1 government secondary, 1 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Launching Place's population at 2,495, with a median age of 38. That sits as a typical family-age mix. Households are predominantly owner-occupied (92% own, 6% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (78% family households, 19% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
2,495
Median age
38
Family households
78%
Lone person
19%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $706,300 on a typical sale, below the Victoria median. Units come in around $288,000, roughly 59% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $141,000. Prices are below the Victoria median, which keeps Launching Place on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$706,300
+0.0% over the past year. Median unit price $288,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$355/wk
Weekly rent (unit)
$350/wk
Owner occupied
92%
Renter occupied
6%
At a deeper level
$706,300
$288,000
2,495
Median age: 38
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For investors
Investment overview.
Gross rental yield on houses sits at 2.61% (median rent $355/wk against a $706,300 price tag). Units yield 6.32% gross, often the better cash-flow play for first-time investors. Renter share is modest (6%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.61%
Based on $706,300 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20266.32%
Based on $288,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202692%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
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.
Safety
Crime and safety.
45
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
2
0
70
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Launching Place.
Local schools for Launching Place
View the catchment for each school to find out more.
Government School Catchment
Don Valley Primary School
Yarra Junction Primary School
Launching Place Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Launching Place.
- What is the median house price in Launching Place?
- The median house price in Launching Place, VIC 3139 is $706,300. The median unit price is $288,000.
- What is the Launching Place postcode?
- Launching Place is in the 3139 postcode, in VIC, in the Cardinia Shire Council region.
- Where is Launching Place?
- Launching Place is a suburb of Melbourne, in VIC 3139. It is part of the Greater Melbourne area, in the Cardinia Shire Council region.
- What is the average rent in Launching Place?
- The median weekly rent for houses is $355, for units it's $350.
- What schools are in Launching Place?
- There are 11 schools serving Launching Place on this page, including Don Valley Primary School, Yarra Junction Primary School, Launching Place Primary School.
- How walkable is Launching Place?
- Launching Place has a Walk Score of 2 out of 100, highly car-dependent. transit score 0, bike score 70.
- What suburbs are near Launching Place?
- Launching Place is close to Don Valley, Yarra Junction, Wesburn, Woori Yallock, Millgrove.
- What is the population of Launching Place?
- The population of Launching Place is approximately 2,495 (2021 Census). The median age is 38.
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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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