73 Mayne StreetInvermay TAS 7248
Property Details for 73 Mayne St, Invermay
73 Mayne St, Invermay is a 6 bedroom, 4 bathroom Unit and was built in 1900. The property has a land size of 2117m2 and floor size of 306m2.This Property is currently listed for sale with McGrath Estate Agents | Launceston
Last Listing description (March 2026)
Positioned in a tightly held pocket of Invermay, just minutes from the Launceston CBD, this recently repainted and exceptionally well-maintained multi-dwelling property presents a rare opportunity for investors. Comprising four well-kept units fully leased to long-term, reliable tenants, it delivers immediate returns while benefiting from Invermay's revitalisation, including the UTAS Stadium redevelopment and the proposed Riverbend Park convention centre.
- Fully leased with long-term, reliable tenants
- Comprises two spacious two-bedroom units and two one-bedroom units
- Private outdoor areas providing tenant enjoyment and relaxation
- Short walk to Swamp Caf, Invermay Primary School, and Star Theatre
- Close to UTAS Stadium redevelopment and growing university precinct
- Near new IGA and proposed Riverbend Park convention centre and hotel
- A prime asset in a location that continues to move forward
Property History for 73 Mayne St, Invermay, TAS 7248
- 03 Mar 2026Listed for Sale $835,000 - $895,000
- 30 Nov 2015Listed for Rent - Price not available
- 18 Nov 2014Listed for Rent $160 / week
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0About Invermay 7248
The size of Invermay is approximately 4.1 square kilometres. It has 9 parks covering nearly 21.5% of total area. The population of Invermay in 2016 was 3061 people. By 2021 the population was 3498 showing a population growth of 14.3% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a community and personal service occupation.In 2021, 46.50% of the homes in Invermay were owner-occupied compared with 44.00% in 2016.
Invermay has 2,055 properties. Over the last 5 years, Houses in Invermay have seen a 51.25% increase in median value, while Units have seen a 23.90% increase. As at 28 February 2026:
- The median value for Houses in Invermay is $539,662 while the median value for Units is $358,768.
- Houses have a median rent of $470 while Units have a median rent of $440.
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