Is Launceston a Good Place to Live?

The short answer is yes, especially if you want a more affordable lifestyle without giving up access to key services, natural beauty, and long-term opportunities. Also, with its blend of heritage charm, steady economic growth, and a property market still within reach for many Australians, Launceston, Tasmania, is gaining momentum as a popular area for families, professionals, and retirees looking for a new place to call their home. 

If you’re interested in moving to Launceston, let us help you finalise your decision with a quick guide. This guide covers qualities that make this Northern Tasmanian city a standout, potential investment options, and tips for buying a house in Launceston.

Life & Community in Launceston

Launceston is Tasmania’s second-largest city and one of the oldest in Australia, offering beautifully preserved architecture, lush green spaces, and a laid-back pace of life you can’t find anywhere else. With a small population of just over 75,000, Launceston is surprisingly big enough to offer fully equipped modern amenities and services but small enough to retain a strong sense of privacy and a well-structured community. The city is known for its walkability, friendly locals, and easy access to everything from schools and parks to cafés and wineries. Launceston provides a relaxed pace of life without sacrificing convenience, which is the element of life that more people are after. 

If you have a growing family, Launceston offers excellent education options, including reputable public and private schools, as well as the University of Tasmania’s Inveresk campus. The healthcare system in this area is also solid, with multiple hospitals and medical clinics throughout the city always ready to serve your medical needs.

The Housing Market: Affordable Entry Points & Room to Grow

Let’s talk numbers when it comes to housing in Launceston. Buying a house in Launceston remains significantly more affordable than in the mainland and busy cities. As of early 2025:

• The median house price in Launceston sits around $585,000, well below the national average.
• Units and townhouses are even more accessible, with many entry-level properties still under $400,000.
• Suburbs like Ravenswood, Newnham, and Mowbray offer excellent value, while East Launceston and Trevallyn are popular for families and professionals looking for larger homes or period features.

If you’re a first-home buyer, a real estate investor, or planning to downsize, Launceston offers property diversity that meets your needs. And for those relocating from Sydney or Melbourne, the lower price point often means more space, a bigger block, or even a character-filled home with mountain views—all within minutes of the CBD.

It’s worth engaging with experienced local mortgage brokers in Launceston, such as Deltos Finance, once you’re ready to buy a house in this area. Local mortgage brokers understand the market and can secure competitive finance tailored to your goals.

Economic Opportunity: A Quiet Achiever

Launceston may not have the hustle of the mainland capitals, but the city’s economy is stable, growing, and increasingly diverse. It’s also expected to grow in the future. Several major industries in Launceston include:

• Agriculture & Agribusiness: Northern Tasmania is one of Australia’s top food-producing regions. It offers a wide-open path for investment and development.
• Health & Aged Care: With a growing ageing population, Launceston’s demand in this sector continues to rise in expected years.
• Education: The University of Tasmania continues to expand its footprint, particularly in engineering, health sciences, and business.
• Construction & Trades: With new housing estates and infrastructure projects underway, trades are in steady demand.
• Tourism & Events: Launceston is a hub for visitors exploring the Tamar Valley wine region, Cradle Mountain, and beyond.

Remote and hybrid work also offers new possibilities if you’re relocating from larger cities. You can live in Launceston and still work for an employer interstate. Simply put, if you’re moving to Launceston, you’ll find an economy that’s big enough to support career growth but small enough to make meaningful and private connections and see the direct impact of your work.

Why More Australians Are Moving to Launceston

The appeal of living in Launceston goes beyond affordability and tranquillity. It’s a city that offers:

• Short commute times – Less time in traffic, more time at home.
• Access to nature – From Cataract Gorge to the Tamar River, natural beauty is always nearby.
• High liveability – Clean air, great coffee, quality healthcare, and excellent schools.
• Heritage charm – Federation homes, art deco buildings, and boutique-lined streets offer everyday character.
• Community vibe – Locals are friendly, supportive, and passionate about their town.

Final Thoughts: Is Launceston a Good Place to Live?

Absolutely! Whether you’re looking to invest, raise a family, or simply enjoy a better pace of life, Launceston ticks all the boxes. The city delivers true value, lifestyle appeal, and long-term potential—without the price tag of larger metro areas.

Considering Launceston for your next move or property purchase?
Get in touch with Deltos Finance’s trusted mortgage experts to explore your borrowing power and see what’s possible in Northern Tasmania.