Current Market Valuation
Estimated market value: $430,000 (Median house price for Mowbray, last 12 months), $437,500 (Median for 3-bedroom houses) [3, 8, 16]
Notes: The property is currently listed at an asking price above the median house price for Mowbray and 3-bedroom houses in the suburb. It is described as a well-maintained brick and tile home offering space, functionality, and excellent value.
Purchase History
Property Details
Type:
House
Bedrooms:
3
Bathrooms:
1
Land (sqm):
558
Car/Garage:
1 garage space plus 3 open car spaces (total 4 parking spaces)
Estimated weekly rent:
$450 - $460 per week (based on median house and 3-bedroom house rents in Mowbray) [3, 8, 16]
Mowbray has an annual rental yield for houses ranging from 5.3% to 5.7%. [3, 6, 8, 11, 16] The suburb shows strong rental yields and a low vacancy rate.
Rental vacancy rate:
0.51% (Mowbray specific)
Council rate:
Approx. $1700 p.a.
Water rate:
Approx. $1200 p.a.
Strata fee:
N/A (Free Standing House)
Home and content insurance price:
Highly variable, requires specific quote based on individual circumstances and chosen coverage.
Zoning Information
LGA:
Launceston City Council
Zoning:
General Residential
Bushfire:
No bushfire related overlays detected
Flood:
Yes (Mowbray is noted as a flood-prone area, potentially leading to higher insurance premiums)
Heritage:
No heritage overlays detected / Not heritage listed
Potential Developments in the Area
State Government:
New park and ride facility on Invermay Road in Mowbray (construction expected to start in 2026)
Northern Suburbs Community Recreation Hub at Mowbray (Stage 2 construction underway, expected completion late 2025)
Local Government:
City of Launceston's 'My Place My Future Plan' to revitalise northern suburbs including Mowbray
Launceston Housing Plan 2025-2040 includes Mowbray for infrastructure funding frameworks to unlock housing potential
Features
Location 2 Esperey Street, Mowbray TAS, Australia
What's Nearby
Education
Transportation
Mowbray (general) - Bus services connecting to central Launceston and other suburbs (Metro Tasmania, Kinetic)
Stop 8, No.311-317 Invermay Rd - Bus stop
Suburb Performance
Median Price History
Mowbray is a suburb in the Launceston Region of Tasmania. It has shown early signs of a heating market with stronger rental yields. The suburb has a high proportion of renters (51.1%).
May 2024 - May 2025 | $430,000
12-Month Growth Insight
Houses: 2.4% compound growth rate , 4.1% median sale price change , 4.12% annual capital growth .
Units: -3.0% compound growth rate , -3.3% median price change .
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