105/16 Paterson StreetLaunceston TAS 7250
Property Details for 105/16 Paterson St, Launceston
Last Listing description (June 2026)
Positioned within one of Launceston's most recognisable CBD addresses, this well-presented one-bedroom apartment offered flexibility, security and an enviable city lifestyle just moments from the region's best dining, shopping and entertainment. Combining strong investment fundamentals with the option for owner occupation, it represented a rare opportunity to secure a blue-chip city asset.
This successful off-market result highlights Terri Reynolds' ability to connect motivated buyers with quality properties before they reach the open market, delivering outstanding outcomes through relationships, local knowledge and a tailored approach to sales.
Property History for 105/16 Paterson St, Launceston, TAS 7250
- 02 Jun 2026Listed for Sale Expressions of Interest
- 02 Jun 2026Sold for $330,000
- 16 Jan 2025Sold for $305,000
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0About Launceston 7250
The size of Launceston is approximately 4.5 square kilometres. There are 13 parks, covering nearly 16.4% of the total area. The population of Launceston in 2016 was 2944 people. By 2021 the population was 3110 showing a population growth of 5.6% in the area during that time. The predominant age group in Launceston is 20-29 years. Households in Launceston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Launceston work in a professional occupation.In 2021, 46.80% of the homes in Launceston were owner-occupied compared with 48.20% in 2016.
Launceston has 3,722 properties. Over the last 5 years, Houses in Launceston have seen a 32.68% increase in median value, while Units have seen a 29.72% increase. As at 30 April 2026:
- The median value for Houses in Launceston is $831,502 while the median value for Units is $553,434.
- Houses have a median rent of $560 while Units have a median rent of $450.
Suburb Insights for Launceston 7250
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