Suburb Report for

South Launceston

TAS 7249

Whether you’re looking to buy, sell or rent, stay up to date with what’s happening in South Launceston.

About McGrath

Since joining the McGrath family, our agency continues to enjoy growing successes for our clients, consistently achieving results well above market average, setting and breaking local results records and receiving multiple industry awards. We are thrilled that this has all been achieved while maintaining the honesty, integrity, personal service and down-to-earth approach that we are known for.

Market trends for South Launceston

View median property prices for South Launceston to get a better understanding of local market trends.

House For Sale

12 month snapshot

  • $431K

    Entry

  • $630.4K

    Median

  • $1.8M

    Highest

Unit For sale

12 month snapshot

  • $176K

    Entry

  • $405K

    Median

  • $720K

    Highest

House Rental Data

12 month snapshot

  • Median Rental P/W

    $550
  • Rental Yield

    4.54%
  • Number of Rentals

    92

Unit Rental Data

12 month snapshot

  • Median Rental P/W

    $420
  • Rental Yield

    5.39%
  • Number of Rentals

    36

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South Launceston stats

Explore key metrics on property trends, demographics, and lifestyle factors defining this suburb. All market transactions.

28

Average Days on Market

Calculated from the latest market transactions

54

Total Sales Last 12 Months in South Launceston

$630.4K

Average Sale Price in South Launceston

14.2%

Suburb Growth

12 month snapshot

Recent Suburb Sales

The most recent sales in South Launceston.

18 Chungon Crescent

18 Chungon Crescent

South Launceston TAS 7249

$645,000

Sold July 2026

3 Bed2 Bath2 Car

71 Westbury Road

71 Westbury Road

South Launceston TAS 7249

$590,000

Sold July 2026

3 Bed2 Bath1 Car

4/37 Leslie Street

4/37 Leslie Street

South Launceston TAS 7249

$550,000

Sold July 2026

2 Bed1 Bath1 Car

3 Westbury Road

3 Westbury Road

South Launceston TAS 7249

$725,000

Sold July 2026

3 Bed2 Bath1 Car

9 Bailey Street

9 Bailey Street

South Launceston TAS 7249

$680,000

Sold July 2026

3 Bed1 Bath4 Car

126 Lawrence Vale Road

126 Lawrence Vale Road

South Launceston TAS 7249

$542,000

Sold June 2026

2 Bed2 Bath3 Car

1/37 Leslie Street

1/37 Leslie Street

South Launceston TAS 7249

$545,000

Sold June 2026

3 Bed1 Bath2 Car

7/92a Talbot Road

7/92a Talbot Road

South Launceston TAS 7249

$415,000

Sold June 2026

1 Bed1 Bath1 Car

427 Wellington Street

427 Wellington Street

South Launceston TAS 7249

$580,000

Sold June 2026

3 Bed1 Bath2 Car

91 Normanstone Road

91 Normanstone Road

South Launceston TAS 7249

$772,000

Sold June 2026

5 Bed1 Bath2 Car

318 Wellington Street

318 Wellington Street

South Launceston TAS 7249

$542,000

Sold May 2026

2 Bed1 Bath1 Car

56 Mulgrave Street

56 Mulgrave Street

South Launceston TAS 7249

$700,000

Sold May 2026

4 Bed3 Bath2 Car

11 Glen Dhu Street

11 Glen Dhu Street

South Launceston TAS 7249

$670,000

Sold May 2026

3 Bed1 Bath3 Car

9 Hampden Street

9 Hampden Street

South Launceston TAS 7249

$665,000

Sold May 2026

2 Bed1 Bath1 Car

19 Leonard Street

19 Leonard Street

South Launceston TAS 7249

$1,080,000

Sold May 2026

4 Bed2 Bath4 Car

20 Leslie Street

20 Leslie Street

South Launceston TAS 7249

$790,000

Sold May 2026

4 Bed1 Bath2 Car

15 Charles Street

15 Charles Street

South Launceston TAS 7249

$1,095,000

Sold May 2026

3 Bed2 Bath2 Car

1 Vernon Street

1 Vernon Street

South Launceston TAS 7249

$693,000

Sold May 2026

3 Bed2 Bath1 Car

1/8 Weedon Avenue

1/8 Weedon Avenue

South Launceston TAS 7249

$610,000

Sold May 2026

3 Bed1 Bath3 Car

4 Leslie Street

4 Leslie Street

South Launceston TAS 7249

$700,000

Sold May 2026

4 Bed1 Bath2 Car

2 Bennett Street

2 Bennett Street

South Launceston TAS 7249

$391,000

Sold April 2026

2 Bed1 Bath3 Car

Latest McGrath Market Activity

Discover the latest insights on property transactions, price movements, and demand trends.

202

Total McGrath sales in the last 12 months

$782K

Average Sale Price with McGrath

3526

Buyers Met

Recently sold properties with McGrath

South Launceston

24 Kerran Crescent South Launceston TAS 7249

Contact Agent
3
2
2
View 24 Kerran Crescent South Launceston TAS 7249
South Launceston

15 Charles Street South South Launceston TAS 7249

$1,000,000 - $1,200,000
3
2
2
View 15 Charles Street South South Launceston TAS 7249
South Launceston

49 Merivale Street South Launceston TAS 7249

Contact Agent
3
1
2
View 49 Merivale Street South Launceston TAS 7249
South Launceston

443 Wellington Street South Launceston TAS 7249

$785,000 - $875,000
4
3
2
View 443 Wellington Street South Launceston TAS 7249

What's your home worth?

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Latest Community News

John McGrath – Consumer Index gives buyers the edgeNEWS

John McGrath – Consumer Index gives buyers the edge

While the current property market may seem subdued, rising consumer confidence and cooler conditions present ideal opportunities for buyers, particularly in affordable and highly liveable cities like Melbourne, says John McGrath, Chief Executive Officer of McGrath Estate Agents. Our current property market is not entirely doom and gloom, according to…
July 26, 2026
buy
John McGrath – Buying and selling in a cooling marketNEWS

John McGrath – Buying and selling in a cooling market

Weekends have always been a busy time for real estate agents, with auctions as well as open homes for prospective buyers and tenants. At the same time, we have been experiencing not only a traditionally quieter Winter season but also a market correction and auction clearance rate declines, which have impacted…
July 19, 2026
John McGrath – A property correction to be expected not fearedNEWS

John McGrath – A property correction to be expected not feared

Real estate has always been a favourite topic of conversation around the dinner table or at coffee catch ups. With so much property noise out there now, these discussions have become even more intense. Wherever you are in the property cycle, you should know one thing: real estate changes invariably…
July 13, 2026

Properties for sale with McGrath

Youngtown

3/421 Hobart Road Youngtown TAS 7249

$575,000 - $620,000
2
1
2
View 3/421 Hobart Road Youngtown TAS 7249
Youngtown

2/421 Hobart Road Youngtown TAS 7249

$575,000 - $620,000
2
1
2
View 2/421 Hobart Road Youngtown TAS 7249
Newnham

9 Bonnard Court Newnham TAS 7248

$690,000 - $765,000
4
2
2
View 9 Bonnard Court Newnham TAS 7248
Exeter

27 Main Road Exeter TAS 7275

$595,000 - $665,000
3
2
5
View 27 Main Road Exeter TAS 7275

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