6 St Georges SquareEast Launceston TAS 7250
Property Details for 6 St Georges Sq, East Launceston
Last Listing description (April 2013)
Opportunity in the Square
The St Georges Square Newsagency/Convenience Store is arguably one of Launcestons successfully operating and well known businesses.
Set in the top-end suburb of East Launceston, surrounded by parks and some of the citys finest homes, the business has served the locals and tourists alike for more than 60 years.
The business is continually turning over in excess of $500,000. Although a full service newsagency (no deliveries!) the business is known for its fresh rolls and sandwiches, pastries and other snacks as well as being the local convenience store.
Property History for 6 St Georges Sq, East Launceston, TAS 7250
- 06 Mar 2013Sold for $450,000
- 27 Sep 2012Listed for Sale $450,000
- 02 Mar 2009Sold for $260,000
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About East Launceston 7250
The size of East Launceston is approximately 1 square kilometres. It has 3 parks covering nearly 9.1% of total area. The population of East Launceston in 2011 was 2,239 people. By 2016 the population was 2,141 showing a population decline of 4.4% in the area during that time. The predominant age group in East Launceston is 40-49 years. Households in East Launceston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Launceston work in a professional occupation. In 2011, 71.1% of the homes in East Launceston were owner-occupied compared with 68.4% in 2016.
East Launceston has 1,059 properties. Over the last 5 years, Houses in East Launceston have seen a 63.92% increase in median value, while Units have seen a 47.53% increase. As at 31 October 2024:
- The median value for Houses in East Launceston is $867,295 while the median value for Units is $480,072.
- Houses have a median rent of $520 while Units have a median rent of $400.
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