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Westbury vs Launceston — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $600kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Westbury

    TAS · 7303
    26Below trend
    Median
    $525k
    5y growth
    6.6%/yr
    BalancedThin market · ~2k residents

  2. Launceston

    TAS · 7250
    41Below trend
    Median
    $595k
    5y growth
    6.1%/yr
    BalancedStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Westbury
Launceston
Capital growth (5y)
weight 22%
666.6%/yr
616.1%/yr
Rental yield
weight 13%
522.6%
542.7%
Rental demand
weight 10%
352.6%
551.8%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
4411.0%
5213.0%
Construction pipeline
weight 15%
0–
0$0.0bn
Affordability
weight 8%
1313% under cap
11% under cap
Supply tightening
weight 8%
40+2.0% YoY
60-2.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Westbury

    2/8
    • Capital growth (5y)
    • Affordability

  2. Launceston

    5/8
    • Rental yield
    • Rental demand
    • Income growth
    • Construction pipeline
    • Supply tightening

Why Westbury

Thin market · ~2k residents

6.6%/yr capital growth, 2.6% gross yield.

Drivers
  • Capital growth6.6%/yr
Risks
  • Only 2,272 residents — illiquid, slow to sell
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus27.5 kmRecently completed · 2024

Why Launceston

Stable but fully priced

6.1%/yr capital growth, tight 1.8% vacancy.

Drivers
  • Capital growth6.1%/yr
  • Supply tightening-2.0% YoY
Risks
  • At top of budget (99% of cap)

Construction ·UTAS Launceston Inveresk Campus1.5 kmRecently completed · 2024