Invermay
Suburb profile, market snapshot and recent listings for 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 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.
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
Independent & Catholic schools
Recent results
Recently sold in Invermay
$549k
6 Burns Street
Sold ~July 2026
$537k
51 Dry Street
Sold ~July 2026
$448k
17 Landale Street
Sold ~July 2026
$630k
36-38 Taylor Street
Sold ~July 2026
$549k
16 Gordon St
Sold ~June 2026
$645k
46 Herbert Street
Sold ~June 2026
$835k
73 Mayne Street
Sold ~June 2026
$519k
72 Forster Street
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
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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Nearby 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.
Fresh to market
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