What is the rental market in Launceston like? High or low vacancy rates and median rent?

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Hi Michael,

The rental market in Launceston is currently strong (Feb, 2021) - There is a shortage of stock, so given the issues with supply and demand, we are finding that prices are increasing. The median rent for a 2 bedroom house is currently sitting around $365 per week and $400 per week for a 3 bedroom home (source REA).
I have been finding that 3 bedroom, well presented homes are very sought after by Tenants at present - particularly in a range of $350 - $400 per week.

Caitlin Horder - Property Manager for Launceston and Northern Tasmania.
Spark Property Management

The opinions expressed here are those of the individual and not those of Homely.com.au.Report

Rentals in Launceston, TAS 7250

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