28-30 Brisbane Street, Launceston, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

28-30 Brisbane Street
Launceston TAS 7250

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Property Details for 28-30 Brisbane St, Launceston

Building Type
Commercial
Year Built
1887
Local Government
Launceston
Lot/Plan
5/63122

Last Listing description (July 2018)

Brisbane Street Holding - Tenanted with Future Potential

This substantial double fronted Brisbane Street property presents a compelling opportunity for Investors and developers alike. Spread across two main levels with some below ground storage and amenities, there is also an attic area above, the property includes undercover car parking for 8 cars. In all there are eight tenancies many air-conditioned and six of which are leased. The property is currently returning a net rental of $80,532 plus GST, moving to $89,912 plus GST on a fully let basis. Including local and interstate office tenants and a Launceston institution- Novaros restaurant on the ground floor. Centrally located and an easy walk to the retail shops and cafes the Launceston CBD offers, this is a terrific opportunity to secure a tenanted investment property but also one with development potential (STCA). With views to the City Park and north past UTas Stadium look to develop the property further down the track as the opportunity arises or continue to hold as a tenanted investment.

Property History for 28-30 Brisbane St, Launceston, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$1,000,000
10 Jul 2017
  • 26 Jul 2018
    Listed for Sale Offers Over $1,000,000
  • 12 Jul 2018
    Listed for Rent $12,000.00 Plus GST
  • 10 Jul 2017
    Sold - Price Undisclosed
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About 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 3,726 properties. Over the last 5 years, Houses in Launceston have seen a 28.49% increase in median value, while Units have seen a 19.27% increase. As at 30 June 2026:

  • The median value for Houses in Launceston is $855,283 while the median value for Units is $562,985.
  • Houses have a median rent of $583 while Units have a median rent of $450.
There are currently 23 properties listed for sale, and 12 properties listed for rent in Launceston on OnTheHouse. According to Cotality's data, 125 properties were sold in the past 12 months in Launceston.

Suburb Insights for Launceston 7250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.