City of LauncestonEconomic profile
Skip to content

City of Launceston

Housing valuation

At June 2016, City of Launceston had a median house valuation of $269,070, $26,928 lower than the median house valuation for Tasmania.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Housing Valuation System

Housing values
City of Launceston20162013Change
Housing value (at June)City of LauncestonTasmaniaCity of Launceston relative to TasmaniaCity of LauncestonTasmaniaCity of Launceston relative to Tasmania2013 to 2016
House--------------
First Quartile$216,992$221,013-1.8%$212,399$217,297-2.3%+$4,593
Median$269,070$295,998-9.1%$250,859$276,463-9.3%+$18,211
Third Quartile$341,678$403,231-15.3%$309,281$360,421-14.2%+$32,397
Unit--------------
First Quartile$166,810$200,000-16.6%$169,569$188,648-10.1%-$2,759
Median$213,654$241,363-11.5%$198,018$220,481-10.2%+$15,636
Third Quartile$264,341$310,762-14.9%$238,333$269,226-11.5%+$26,008

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Tasmania: $310,762 Median, Tasmania: $241,363 First Quartile, Tasmania: $200,000 Third Quartile, Tasmania: $403,231 Median, Tasmania: $295,998 First Quartile, Tasmania: $221,013 Third Quartile, City of Launceston: $264,341 Median, City of Launceston: $213,654 First Quartile, City of Launceston: $166,810 Third Quartile, City of Launceston: $341,678 Median, City of Launceston: $269,070 First Quartile, City of Launceston: $216,992
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, Tasmania: $41,536 Median, Tasmania: $20,882 First Quartile, Tasmania: $11,352 Third Quartile, Tasmania: $42,810 Median, Tasmania: $19,535 First Quartile, Tasmania: $3,716 Third Quartile, City of Launceston: $26,008 Median, City of Launceston: $15,636 First Quartile, City of Launceston: $-2,759 Third Quartile, City of Launceston: $32,397 Median, City of Launceston: $18,211 First Quartile, City of Launceston: $4,593
Source: Hometrack 2011-2016, Housing Valuation System

To continue building your economic story go to...

v18.02.07-1.0.0