South Launceston at a glance
Median house
$538,000
Median unit
$500,500
Walk score
14
Very car dependent
Population
4,894
Median age 36
The brief
What to know about South Launceston.
The postcode for South Launceston is 7249 (TAS).
The median house price in South Launceston is $538,000.
South Launceston (7249) sits in the Northern Midlands region of Tasmania. The median house here is $538,000, below the Tasmania median of around $650K.
South Launceston has roughly 4,894 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Daily life is car-dependent: most residents drive to work, school and the shops.
Day to day
What it’s like to live here.
South Launceston scores 14/100 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, 6 government secondary, 3 Catholic, 4 independent.
Who lives here
Demographics.
The 2021 Census put South Launceston's population at 4,894, with a median age of 36. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (51% own, 44% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (37%), often a marker of unit-heavy stock and walkable infrastructure.
Population
4,894
Median age
36
Family households
57%
Lone person
37%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $538,000 on a typical sale, below the Tasmania median. Units come in around $500,500, roughly 7% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $108,000. Prices are below the Tasmania median, which keeps South Launceston on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$538,000
+0.0% over the past year. Median unit price $500,500.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$300/wk
Weekly rent (unit)
$300/wk
Owner occupied
51%
Renter occupied
44%
At a deeper level
$538,000
$500,500
4,894
Median age: 36
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For investors
Investment overview.
Gross rental yield on houses sits at 2.90% (median rent $300/wk against a $538,000 price tag). Units yield 3.12% gross, often the better cash-flow play for first-time investors. With 44% 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 20242.90%
Based on $538,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.12%
Based on $500,500 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 202651%
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.
14
0
70
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in South Launceston.
Local schools for South Launceston
View the catchment for each school to find out more.
Government School Catchment
Glen Dhu Primary School
Punchbowl Primary School
East Launceston Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About South Launceston.
- What is the median house price in South Launceston?
- The median house price in South Launceston, TAS 7249 is $538,000. The median unit price is $500,500.
- What is the South Launceston postcode?
- South Launceston is in the 7249 postcode, in TAS, in the Northern Midlands Council region.
- Where is South Launceston?
- South Launceston is a regional suburb in TAS, postcode 7249, in the Northern Midlands Council region.
- What is the average rent in South Launceston?
- The median weekly rent for houses is $300, for units it's $300.
- What schools are in South Launceston?
- There are 20 schools serving South Launceston on this page, including Glen Dhu Primary School, John Calvin School, Punchbowl Primary School.
- How walkable is South Launceston?
- South Launceston has a Walk Score of 14 out of 100, highly car-dependent. transit score 0, bike score 70.
- What suburbs are near South Launceston?
- South Launceston is close to Sandhill, Glen Dhu, Punchbowl, Newstead, East Launceston.
- What is the population of South Launceston?
- The population of South Launceston is approximately 4,894 (2021 Census). The median age is 36.
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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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