2. TAS
  3. Launceston

Houses Units

Here you can find what you need to know about Summerhill, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$530K Median Sale Price (National Average $485k) 115th In TAS
-6.19% Median Sale Price Change (1yr) (National Average 4.30%) 695th In TAS
$485pw Median Rent (National Average $395) 55th In TAS
4.8% Median Gross Yield (National Average 4.24%) 31st In TAS
Properties sold 56
Average discounting -5.93%
Average Days on Market 37
Stock on Market 21 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Summerhill, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Summerhill, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Summerhill, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Summerhill


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Summerhill, TAS 7250

Part of: Launceston Council No data available

The size of Summerhill is approximately 2.3 square kilometres. It has 10 parks covering nearly 10.9% of total area. The population of Summerhill in 2011 was 3,160 people. By 2016 the population was 3,169 showing a population growth of 0.3% in the area during that time. The predominant age group in Summerhill is 50-59 years. Households in Summerhill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Summerhill work in a trades occupation. In 2011, 70% of the homes in Summerhill were owner-occupied compared with 69.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Summerhill

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Summerhill   for Houses in last 12 months


There have been 56 Houses sold in Summerhill in the past 12 months with a median sale price of $530K, down 6.2% annually. It takes on average 17 days to sell with vendor discounting of -5.9%.

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Summerland Point NSW, 2259 11.51% $805,625 $560pw 3.6% View Suburb Profile
Margate QLD, 4019 15.34% $842,000 $578pw 3.6% View Suburb Profile
Summerholm QLD, 4341 Unavailable $914,500 Unavailable Unavailable View Suburb Profile
Algester QLD, 4115 19.15% $930,000 $613pw 3.4% View Suburb Profile
Dural NSW, 2158 9.62% $2,165,000 $925pw 2.2% View Suburb Profile
Sunbury VIC, 3429 -1.22% $650,000 $510pw 4.1% View Suburb Profile

Currency

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