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The Garden City of Tasmania
$520K
Median House Price
$360K
Median Unit Price
90K
Population
+3.1%
YoY Growth
Launceston, Tasmania's second-largest city, sits at the confluence of the North and South Esk rivers in the Tamar Valley. Often called 'Lonnie' by locals, this graceful city of 90,000 offers extraordinary historic heritage, the iconic Cataract Gorge nature reserve, and easy access to the world-renowned Tamar Valley cool-climate wine region. University of Tasmania's Launceston campus anchors a growing knowledge economy, while the Launceston General Hospital is the region's largest employer. Property prices remain among the most affordable of any Australian city with an established arts and food culture, making Launceston a compelling proposition for investors, retirees, and remote workers.
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