South Launceston
Suburb profile, market snapshot and recent listings for South Launceston, TAS 7249.
About South Launceston
Welcome to South Launceston
South Launceston sits just south of the Launceston CBD, close enough that a bike ride or short drive gets you into the city centre in minutes. It's one of those established, unpretentious pockets of Launceston that people tend to overlook until they actually live there, at which point they wonder why they didn't move sooner.
With a population of 4,894 and a median age of 36, it's a suburb with a good mix of long-time residents, young families and newcomers drawn by its practicality. Bordered by Kings Meadows, Prospect, Newstead, Punchbowl and West Launceston, South Launceston is well placed for anyone who wants city-fringe convenience without city-fringe prices.
Lifestyle & dining
South Launceston's appeal is less about a single buzzing strip and more about easy access to everything nearby. The suburb backs onto the city centre, so residents lean on Launceston's established cafes, restaurants and pubs for their day-to-day social life, while still enjoying a quieter, more residential feel at home. It suits people who want to walk or cycle into town for dinner or a coffee catch-up, then retreat to a leafy street at the end of the night.
The surrounding suburbs of Kings Meadows and Prospect add further options for shopping and eating out, meaning South Launceston residents are rarely more than a few minutes from a good meal or a full supermarket run.
Shopping
For everyday shopping, South Launceston residents typically head into the Launceston CBD or out to the Kings Meadows shopping precinct, both just a short drive away and home to major supermarkets, specialty retailers and homewares stores. It's a setup that gives locals genuine choice without the suburb itself needing to carry the retail load.
Getting around
One of South Launceston's biggest drawcards is its location. Being immediately south of the CBD, commuting into central Launceston for work, study or errands is quick and straightforward, whether by car, bike or on foot for those closer to the northern edge of the suburb. Arterial roads connect efficiently to Kings Meadows, Prospect and beyond, making it a sensible base for anyone who needs to move around greater Launceston regularly.
Schools & families
Families in the area are well served by Glen Dhu Primary School, right in the suburb, which makes school drop-offs and pickups simple for local households. The broader Launceston area also offers a range of secondary schooling options within easy reach, adding to the suburb's appeal for families wanting to stay local through different life stages.
Housing & architecture
Housing in South Launceston reflects its established character, with a strong stock of freestanding houses making up the bulk of what's on the market. Current listings show around 80% houses, 12% apartments or units, 6% land and 2% townhouses, so buyers looking for a classic house-and-yard setup will find plenty of choice, while those after low-maintenance living have a smaller but real slice of the market to consider too.
The property market
South Launceston's property market has been on a solid upward trajectory, with house prices climbing 9.8% recently to a median of $618,000. Units and apartments offer a more accessible entry point, with a median of $401,000, appealing to first home buyers, downsizers or investors after something more manageable.
Renters are looking at a median of $560 a week, reflecting steady demand for a suburb that offers CBD proximity without CBD prices. Combined with its mostly house-dominated listings, South Launceston presents as a suburb where buyers can still secure a standalone home close to the city, something increasingly hard to find in tightly held inner areas.
Market snapshot
South Launceston property market
Median sale price
$618k
House · 3 bed
Median rent
$560
per week
Gross rental yield
4.7%
annual rent ÷ sale price
Typical price range
Entry
$513k
Median
$618k
Premium
$735k
Days on market
17
Auction clearance
0%
Sold this year
63
Median sold price trend · House 3 bed
Compound growth +0.8% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in South Launceston by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for South Launceston, TAS 7249.
Population
4,894
residents (2021)
Median age
36
years
Household income
$1,374
median, per week
Median rent
$300
per week
Median mortgage
$1,279
per month
Mortgage / income
21%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in South Launceston
Government school catchment
Recent results
Recently sold in South Launceston
$695k
24 Kerran Crescent
Sold ~July 2026
$700k
4 Leslie Street
Sold ~July 2026
$629k
1/76 Meredith Crescent
Sold ~July 2026
$730k
26 Bellevue Avenue
Sold ~July 2026
$542k
318 Wellington Street
Sold ~July 2026
$665k
9 Hampden Street
Sold ~July 2026
$1.09m
15 Charles Street South
Sold ~July 2026
$749k
91 Normanstone Road
Sold ~July 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 South Launceston
Compare the area
Price map around South Launceston
Every listing for sale near South Launceston, 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
South Launceston suburb FAQ
What is the median property price in South Launceston?
The median house price in South Launceston, TAS is $618k for a 3-bedroom home. Over the past year, median sold prices have risen about 9.8%.
How much is rent in South Launceston?
The median weekly rent in South Launceston is around $560 per week.
Is South Launceston a good place to live?
South Launceston is a residential locality in the local government area (LGA) of Launceston in the Launceston LGA region of Tasmania. South Launceston is an established residential suburb in TAS, with a population of around 4,894 and 1 school in the area.
What is the population of South Launceston?
South Launceston has a population of 4,894 (ABS 2021 Census), with a median age of 36.
What schools are in South Launceston?
There is 1 school in or near South Launceston, including Glen Dhu Primary School.
How long do homes take to sell in South Launceston?
Properties in South Launceston take around 17 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in South Launceston?
Entry-level properties in South Launceston start around $513k, while premium homes reach $735k.
What suburbs are near South Launceston?
Suburbs near South Launceston include Newstead, Punchbowl, West Launceston, Kings Meadows and Prospect.
Fresh to market
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