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Old Beach vs Launceston vs Snug — which is best for rental demand?

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. Old Beach

    TAS · 7017
    49Average
    Median
    $645k
    5y growth
    7.2%/yr
    BalancedStable entry point

  2. Launceston

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

  3. Snug

    TAS · 7054
    47Average
    Median
    $685k
    5y growth
    7.0%/yr
    BalancedStable entry point

Metric breakdown

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

Metric · weight
Old Beach
Launceston
Snug
Capital growth (5y)
weight 22%
727.2%/yr
616.1%/yr
707.0%/yr
Rental yield
weight 13%
643.2%
542.7%
532.7%
Rental demand
weight 10%
681.3%
551.8%
681.3%
Population growth
weight 12%
313.1%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5213.0%
5213.0%
Construction pipeline
weight 15%
0–
0$0.0bn
0–
Affordability
weight 8%
2828% under cap
3434% under cap
2424% under cap
Supply tightening
weight 8%
70-4.0% YoY
60-2.0% YoY
70-4.0% YoY

Winner per dimension

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

  1. Old Beach

    2/8
    • Capital growth (5y)
    • Rental yield

  2. Launceston

    2/8
    • Construction pipeline
    • Affordability

  3. Snug

    0/8

    No outright lead on any single dimension.

Why Old Beach

Stable entry point

7.2%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.2%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
  • Rental yield3.2%
Risks
  • No major construction project in this state

Construction ·New Bridgewater Bridge7.1 kmConstruction · 2025

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 Snug

Stable entry point

7.0%/yr capital growth, listings tightening 4.0% YoY.

Drivers
  • Capital growth7.0%/yr
  • Supply tightening-4.0% YoY
  • Tight rentals1.3%
Risks
  • No major construction project in this state

Construction ·Royal Hobart Hospital — Stage 320.1 kmConstruction · 2026