South Launceston, TAS 7249
Northern Midlands CouncilAll suburbs in postcode 7249
Updated
Median house price
$538,000
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in South Launceston itself.
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South Launceston at a glance
- Median unit
- $500,500
- Population
- 4,894
- Median age 36
Prices: ABS statistical area (SA2) median · 2024 · Population: 2021 Census
House prices in South Launceston
Across the ABS statistical area that takes in South Launceston, houses changed hands at $538,000 in 2024, below the Tasmania median. An SA2 can take in surrounding localities, so this can differ from sales in South Launceston itself. 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.
- Weekly rent (house)
- $300/wk
- Weekly rent (unit)
- $300/wk
Rental data as of April 2026
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What to know about South Launceston
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.
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.
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, 6 government secondary, 3 Catholic, 4 independent.
Schools in South Launceston
Location
Walkability
- Walk
- 14/100
- Transit
- 0/100
- Bike
- 70/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
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.
- Family households
- 57%
- Lone person
- 37%
- Owner occupied
- 51%
- Renter occupied
- 44%
Demographics data as of May 2026· ABS 2021 Census
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, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 2.90%
- On the $538,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 3.12%
- On the $500,500 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 South Launceston
- What is the median house price in South Launceston?
- The median house price for the ABS statistical area (SA2) that takes in South Launceston, TAS 7249 is $538,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in South Launceston itself. The median unit price is $500,500.
- How much is my house worth in South Launceston?
- A useful starting point is the South Launceston median house price of $538,000 (units $500,500). 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 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 suburb in the Northern Midlands Council area, TAS 7249.
- 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. 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.