TAS · 7248

Invermay

Suburb profile, market snapshot and recent listings for Invermay, TAS 7248.

Invermay, TAS 7248

About Invermay

Welcome to Invermay

Invermay sits just north-east of the Launceston CBD, on the opposite bank of the North Esk River from the city centre, making it one of the closest residential pockets to Launceston's commercial heart. It's a flat, low-lying suburb with a strong working-class history tied to the river and the old racecourse, and these days it's known for its mix of modest weatherboard cottages, community sporting facilities and easy access to town.

With a median age of 33 and a population of 3,498, Invermay has a noticeably younger profile than many surrounding suburbs, pointing to its appeal for first-home buyers, young families and renters wanting proximity to the city without CBD prices. Neighbouring Mowbray, East Launceston, Newnham and Ravenswood round out this inner-northern pocket of Launceston, giving Invermay a genuinely central position within the city's broader footprint.

Lifestyle & dining

Life in Invermay revolves around its proximity to Launceston proper, with the CBD's cafes, restaurants and bars only a short walk or drive across the river. Locally, the suburb has a straightforward, unpretentious character, with community facilities such as the Invermay Sportsground and nearby Aurora Stadium (UTAS Stadium) giving the area a strong sporting identity, particularly around AFL and cricket seasons when the precinct draws crowds from across the city.

For day-to-day dining and socialising, most residents lean on Launceston's city centre and the Mowbray strip, both just minutes away, while the Tamar River precinct and City Park are an easy outing for weekend walks and picnics.

Shopping

Invermay doesn't have a large retail strip of its own, but that's rarely an issue given how close it sits to Launceston's CBD, where Brisbane Street Mall, Yorktown Square and the broader city shopping precinct cover everything from supermarkets to boutique retail. Mowbray, immediately to the north, adds further everyday shopping and services, meaning Invermay residents typically have a short trip either way for groceries, homewares or a bit of retail therapy.

Getting around

Invermay's location is one of its strongest selling points, with the Launceston CBD reachable in just a few minutes by car or bike over the North Esk River. Local roads connect efficiently to Mowbray, East Launceston, Newnham and Ravenswood, and the suburb's flat terrain makes it easy for walking and cycling, particularly along the riverside paths that link into the city.

Public bus routes run through Invermay into central Launceston, and the suburb's compact size means most errands, schools and sporting facilities are within a short drive, an appealing feature for families juggling work, school and weekend sport.

Schools & families

Families in Invermay are well served locally, with Invermay Primary School and St Finn Barr's Catholic Primary School both within the suburb, offering solid options for younger children without the need to travel. The Launceston Big Picture School provides an alternative, project-based learning pathway for older students, adding a point of difference for families seeking something beyond the mainstream curriculum. For secondary and further education, the wider Launceston area, including East Launceston, offers additional options just a short drive away.

The property market

Invermay's median house price currently sits at $510,000, following recent growth of 8.5%, a solid result that reflects steady demand for affordable, well-located housing close to the Launceston CBD. Median weekly rent of $530 points to a healthy rental market too, likely supported by the suburb's younger population and its appeal to tenants wanting a short commute into the city.

The current listing mix, 87% houses, 10% apartments or units and 3% land, shows Invermay remains very much a house-and-land suburb rather than a medium-density one, dominated by older, established homes on standard residential blocks. That mix, combined with prices still well below Launceston's more prestigious pockets like East Launceston, keeps Invermay firmly in the frame for first-home buyers and investors chasing both rental yield and capital growth.

History

Invermay's development is closely tied to Launceston's industrial and river-trade history, with its flat, low-lying land historically prone to flooding from the North Esk and Tamar rivers, a factor that shaped its housing stock and infrastructure over the decades. The suburb's racecourse and sporting grounds have long given it a community identity distinct from the city across the water, and that sporting and working-class heritage still shows through in Invermay's streetscapes and local pride today.

Market snapshot

Invermay property market

Median price ranks #3,385 of 3,797 suburbs · pricier than 11%
Bedrooms

Median sale price

$510k

House · 3 bed

Median rent

$530

per week

Gross rental yield

5.4%

annual rent ÷ sale price

Typical price range

Entry

$405k

Median

$510k

Premium

$682k

Days on market

32

Auction clearance

0%

Sold this year

61

Median sold price trend · House 3 bed

Compound growth +1.3% / yr over 4 yrs

Median price by bedrooms · House

Property types on market

Share of current listings in Invermay by dwelling type.

House88%
Apartment / Unit9%
Land3%

Who lives here

Demographics

ABS Census 2021 figures for Invermay, TAS 7248.

Population

3,498

residents (2021)

Median age

33

years

Household income

$1,128

median, per week

Median rent

$285

per week

Median mortgage

$1,092

per month

Mortgage / income

22%

comfortable

Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.

Education

Schools in Invermay

Government school catchment

Invermay Primary School

K-6CoEdGovernment
Visit school website →

Launceston Big Picture School

9-12CoEdGovernment
Visit school website →

Independent & Catholic schools

St Finn Barr's Catholic Primary School

Prep-6CoEdCatholic
Visit school website →

Recent results

Recently sold in Invermay

$549k

6 Burns Street

house3 bd · 1 ba · 4 car

Sold ~July 2026

$537k

51 Dry Street

house3 bd · 1 ba · 3 car

Sold ~July 2026

$448k

17 Landale Street

house3 bd · 1 ba · 3 car

Sold ~July 2026

$630k

36-38 Taylor Street

house3 bd · 1 ba · 7 car

Sold ~July 2026

$549k

16 Gordon St

house3 bd · 1 ba · 1 car

Sold ~June 2026

$645k

46 Herbert Street

house3 bd · 1 ba · 4 car

Sold ~June 2026

$835k

73 Mayne Street

land6 bd · 6 car

Sold ~June 2026

$519k

72 Forster Street

house3 bd · 2 car

Sold ~June 2026

Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.

Explore the area

Properties & amenities in Invermay

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Compare the area

Price map around Invermay

Every listing for sale near Invermay, coloured by price — so you can see how it stacks up against the streets and suburbs next door.

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InvermayNearby suburbs

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Common questions

Invermay suburb FAQ

What is the median property price in Invermay?

The median house price in Invermay, TAS is $510k for a 3-bedroom home. Over the past year, median sold prices have risen about 8.5%.

How much is rent in Invermay?

The median weekly rent in Invermay is around $530 per week.

Is Invermay a good place to live?

Invermay is a residential locality in the local government area (LGA) of Launceston in the Launceston LGA region of Tasmania. Invermay is an established residential suburb in TAS, with a population of around 3,498 and 3 schools in the area.

What is the population of Invermay?

Invermay has a population of 3,498 (ABS 2021 Census), with a median age of 33.

What schools are in Invermay?

There are 3 schools in or near Invermay, including Invermay Primary School, St Finn Barr's Catholic Primary School and Launceston Big Picture School.

How long do homes take to sell in Invermay?

Properties in Invermay take around 32 days to sell on average, with an auction clearance rate of about 0%.

How much do you need to buy in Invermay?

Entry-level properties in Invermay start around $405k, while premium homes reach $682k.

What suburbs are near Invermay?

Suburbs near Invermay include Mowbray, East Launceston, Launceston, Newnham and Ravenswood.

Available now

Properties in Invermay

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For Sale
$539,000
house

WELCOME HOME!

25 Landale Street, Invermay TAS 7248
322304 m²
Roberts Real Estate Launceston3 weeks ago
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NewFor Sale
$575,000
house

Character, Modern Comfort & CBD Convenience

12 Howard Street, Invermay TAS 7248
312848 m²
Key2 PropertyYesterday
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NewFor Sale
$959,000
house

THIS SPACE: Stunning Showstopper

25 Mann Street, Invermay TAS 7248
434558 m²
This Space Real EstateToday
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For Sale
$595,000
apartment

Modern Low-Maintenance Living in Prime Invermay Location

1/20 Ross Avenue, Invermay TAS 7248
321
Harrison Agents Launceston1 month ago
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For Sale
$759,000
house

If you are searching for a beautifully presented Federation home in a Prime position this could be the one you are looking for!

57 Mayne Street, Invermay TAS 7248
416794 m²
The Agency Northern Tasmania1 week ago
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For Sale
$500,000
apartment

Immaculate stand alone villa -only 2 on the block.

2/9 Eddington Crescent, Invermay TAS 7248
212213 m²
Key2 Property2 weeks ago
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For Sale
$700k–$750k
house

Timeless Character, Beautifully Restored for Modern Living

24 Bryan Street, Invermay TAS 7248
311270 m²
Jenkins & Co. Property1 week ago
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For Sale
$699,000
house

High-Yield Investment in a Proven Location

12 Graham Street, Invermay TAS 7248
633497 m²
The Agency Northern Tasmania1 month ago
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For Sale
$599,000
house

Character, Light and a Lifestyle Location

23 Bedford Street, Invermay TAS 7248
313371 m²
The Agency Northern Tasmania1 month ago
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For Sale
Offers over
house
StMate est. ~$535k

Corner Block Opportunity | First Home, Investment or Renovation Potential

11 Burns Street, Invermay TAS 7248
312472 m²
The Agency Northern Tasmania1 month ago
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For Sale
$549,000
house

Classic Invermay Charm in a Popular Pocket

32 Mann Street, Invermay TAS 7248
312665 m²
The Agency Northern Tasmania1 month ago
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For Sale
$475,000
apartment

Character Cottage Close to the CBD

24 Windsor Street, Invermay TAS 7248
211144 m²
Harcourts Launceston2 weeks ago
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