Launceston, North-East Tasmania
The Launceston City Deal, financially supported by all three levels of Government, has secured Launceston’s future as a “University Town”.
Under the plan, Launceston will be the recipient of serious spending on infrastructure for industries such as education, construction, the Defence Force, transport and forestry. Launceston General Hospital is being upgraded, new industrial estates are emerging and new residential estates are opening up.
This coincides with a steady rise in its key property markets recently, underpinned by improvements in the state economy which in turn, has seen unemployment falling.
Launceston has seen good price growth in the last 12 months, with double-digit increases in the median house prices of several suburbs.
This market also features low vacancies and strong rental yields.
Launceston is well connected through its airport and sea port as well as highways linking it to the rest of Tasmania.
This report covers the suburbs of East Launceston, Hadspen, Invermay, Kings Meadows, Launceston, Mowbray, Newnham, Newstead, Norwood, Prospect Vale, Riverside, Summerhill, Trevallyn, West Launceston and Youngtown.