Back to results

Launceston vs Prospect — which is best for growth?

Same eight metrics, scored against the same benchmark, ranked against a $900kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Launceston

    TAS · 7250
    43Below trend
    Median
    $595k
    5y growth
    6.1%/yr
    BalancedStable entry point
  2. Prospect

    TAS · 7250
    43Below trend
    Median
    $565k
    5y growth
    6.0%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Launceston
Prospect
Capital growth (5y)
weight 22%
616.1%/yr
606.0%/yr
Rental yield
weight 13%
542.7%
532.7%
Rental demand
weight 10%
551.8%
551.8%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5213.0%
Construction pipeline
weight 15%
0$0.0bn
0
Affordability
weight 8%
3434% under cap
3737% under cap
Supply tightening
weight 8%
60-2.0% YoY
60-2.0% YoY

Winner per dimension

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

  1. Launceston

    3/8
    • Capital growth (5y)
    • Rental yield
    • Construction pipeline
  2. Prospect

    1/8
    • Affordability

Why Launceston

Stable entry point

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

Drivers
  • Capital growth6.1%/yr
  • Supply tightening-2.0% YoY
Risks

No material risk flags raised by the model.

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

Why Prospect

Stable entry point

6.0%/yr capital growth, tight 1.8% vacancy.

Drivers
  • Capital growth6.0%/yr
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus5.3 kmRecently completed · 2024