TAS · 7249

South Launceston

Suburb profile, market snapshot and recent listings for South Launceston, TAS 7249.

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 price ranks #3,055 of 3,797 suburbs · pricier than 20%
Type
Bedrooms

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.

House80%
Apartment / Unit12%
Land6%
Townhouse2%

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

Glen Dhu Primary School

K-6CoEdGovernment
Visit school website →

Recent results

Recently sold in South Launceston

$695k

24 Kerran Crescent

house3 bd · 2 ba · 2 car

Sold ~July 2026

$700k

4 Leslie Street

house4 bd · 1 ba · 2 car

Sold ~July 2026

$629k

1/76 Meredith Crescent

house3 bd · 1 ba · 2 car

Sold ~July 2026

$730k

26 Bellevue Avenue

house3 bd · 1 ba · 1 car

Sold ~July 2026

$542k

318 Wellington Street

house2 bd · 1 ba · 1 car

Sold ~July 2026

$665k

9 Hampden Street

house2 bd · 1 ba · 1 car

Sold ~July 2026

$1.09m

15 Charles Street South

house3 bd · 2 ba · 2 car

Sold ~July 2026

$749k

91 Normanstone Road

house5 bd · 1 ba · 2 car

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

Loading map…

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.

CheaperPricier
South LauncestonNearby suburbs

Loading price map…

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.

Available now

Properties in South Launceston

View all listings →
Image 1
Image 2
For Sale
$595,000
house

Character, Comfort & Charm Walking Distance to the LGH & CBD

15 North Street, South Launceston TAS 7249
211
Bushby Creese2 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$675,000
house

Charming Home in Prime South Launceston Location!

9 Bailey Street, South Launceston TAS 7249
314598 m²
Harrison Agents Launceston1 month ago
Ask AI about this property
Image 1
Image 2
For Sale
$299,000
land

An Exceptional Opportunity

44 Meredith Crescent, South Launceston TAS 7249
726 m²
Key2 Property1 month ago
Ask AI about this property
Image 1
Image 2
For Sale
$695,000
apartment

A Brand New Collection of Modern Single-Storey Homes

1-23/9 Rose Lane, South Launceston TAS 7249
322320 m²
Harcourts Launceston3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$230,000
land

Rare Piece Of South Launceston

2/76 Meredith Crescent, South Launceston TAS 7249
400 m²
Key2 Property3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$400,000
land

Townhouse Approved Block

7-9 Karla Place, South Launceston TAS 7249
Morrison Real Estate3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$625,000
house

Charming Solid Brick Home in Prime South Launceston!

18 Chungon Crescent, South Launceston TAS 7249
322488 m²
Key2 Property3 weeks ago
Ask AI about this property
Image 1
Image 2
For Sale
$589,000
house

Contemporary Living in a Coveted City-Fringe Setting

2/14 Leslie Street, South Launceston TAS 7249
323
Thomas and Associates Tasmania2 weeks ago
Ask AI about this property
Image 1
Image 2
For Sale
$500,000
house

Packed with Potential on a Generous Corner Allotment

84 Normanstone Road, South Launceston TAS 7249
316817 m²
Sims for Property2 weeks ago
Ask AI about this property
Image 1
Image 2
For Sale
$495,000
house

Bright, Elevated and Ready to Enjoy

18 Legana Street, South Launceston TAS 7249
21530 m²
Sims for Property1 week ago
Ask AI about this property
Image 1
Image 2
For Sale
$745,000
house

Featherstone A Timeless South Launceston Treasure

3 Westbury Road, South Launceston TAS 7249
321364 m²
Peter Lees Real Estate1 month ago
Ask AI about this property
Image 1
Image 2
For Sale
$699,000
house

Character, Space and Convenience Combined

69 Mulgrave Street, South Launceston TAS 7249
412534 m²
Harrison Agents Launceston1 month ago
Ask AI about this property