TAS 7307 Census 2021 + Live DA Data

Latrobe

Despite a household income in just the 23.3rd percentile nationally, the median house price in Latrobe has reached $645,000, a tension that defines this northern Tasmanian town. The population grew 27.5% over the past decade and the forecast adds about 105 residents a year at 1.81% annually, fast for a market scoring decile 1 on the SEIFA education and occupation index and decile 2 on overall advantage. Dwellings are 93.4% separate houses across a 63.96 km2 footprint at only 78.6 residents per km2, and the median age of 43 sits 3.0 years above the national figure on an aging trajectory.

Latrobe urban fabric map

Population

5,030

Median Age

43.0

Household IncomeiMedian weekly household income (ABS Census)

$1,173/wk

DAs (12 months)iDevelopment Applications lodged in the past year

0

Median House

$645K

YTD 2026

63.96 km²· 78.6 people/km²· Family income $1,476/wk

The $645,000 median house price has climbed steadily, rising from $581,000 in 2024 to $616,000 in 2025, an annual gain near 4.7%, and over 30 years prices grew at a 7.2% compound rate. Buyers get space rather than density: 93.4% of dwellings are separate houses and only 0.1% are apartments, with three-bedroom homes dominating at 52.8% and four-plus-bedroom homes at 19.2%. Affordability stays workable because monthly mortgage repayments average just $1,300, giving a mortgage-to-income ratio of 25.6%, below the 30% stress threshold despite local household incomes in the 23.3rd percentile. The 36.7% owned-outright share exceeds the 35.0% mortgage share, a sign of established owners rather than recent high-leverage entrants.

For Buyers

The $645,000 median house price has climbed steadily, rising from $581,000 in 2024 to $616,000 in 2025, an annual gain near 4.7%, and over 30 years prices grew at a 7.2% compound rate. Buyers get space rather than density: 93.4% of dwellings are separate houses and only 0.1% are apartments, with three-bedroom homes dominating at 52.8% and four-plus-bedroom homes at 19.2%. Affordability stays workable because monthly mortgage repayments average just $1,300, giving a mortgage-to-income ratio of 25.6%, below the 30% stress threshold despite local household incomes in the 23.3rd percentile. The 36.7% owned-outright share exceeds the 35.0% mortgage share, a sign of established owners rather than recent high-leverage entrants.

For Investors

Renters make up 28.3% of households and weekly rent averages $250, the lowest segment of the tenure mix behind 36.7% outright owners and 35.0% mortgage holders. Against the $645,000 median, that rent implies a gross yield near 2.0%, modest, so the case leans on capital growth and rent escalation: rents have risen 38.9% over the period. The 6.6% vacancy rate is higher than a tight rental market, pointing to softer short-term demand. Population growth supports the longer view, with net internal migration adding 74 residents a year and overseas migration 18, and a forecast of 1.81% annual growth. No development applications were recorded in the past 12 months, so new supply is not yet competing with existing stock.

Schools in Latrobe iICSEA: school advantage index. 1000 = national avg, higher = more advantaged

Geneva Christian College

ICSEA 1011 Combined Independent

Prep-12 · 297 students

St Patrick's Catholic School

ICSEA 975 Primary Catholic

Prep-6 · 158 students

Latrobe High School

ICSEA 956 Secondary Government

7-12 · 555 students

Latrobe Primary School

ICSEA 931 Primary Government

K-6 · 304 students

Demographics

The median age of 43 is 3.0 years above national and the trajectory is aging: the senior share rose 6.5 points while the working-age share fell 3.4 points and the young share dropped 3.3 points over the decade. The population is heavily Anglo, with English ancestry recorded 2,223 times ahead of Irish at 508 and Scottish at 410, and only 9.9% of residents were born overseas, which is 11.7 points below the national figure. University qualifications reach 18.3%, 11.8 points below national, consistent with a workforce led by labourers and community roles rather than professional sectors. Average household size is 2.3, just 0.2 below national, and couples without children account for 33.7% of the 3,817 families, reflecting the older age profile.

Age Distribution

0-14
16.7%
15-24
10.5%
25-44
23.8%
45-64
24.3%
65+
24.5%

Bedrooms

Studio/1br
3.9%
2 bed
24.0%
3 bed
52.8%
4+ bed
19.2%

Dwelling Structure

93.4%

Houses

5.9%

Townhouse

0.1%

Apartment

Tenure

Own 36.7% Mortgage 35.0% Rent 28.3%

Tenure splits fairly evenly: 36.7% own outright, 35.0% carry a mortgage and 28.3% rent. Outright owners outnumbering mortgage holders points to long-held, debt-free ownership rather than rapid churn. The stock is overwhelmingly detached at 93.4% separate houses, with apartments at just 0.1% and semi-detached dwellings at 5.9%, so families buy houses rather than units. Three-bedroom homes make up 52.8% and four-plus-bedroom homes 19.2%, matching the family profile. The median house price rose from $581,000 in 2024 to $645,000 in 2026, and over the full record prices climbed 701.2% from $80,500 in 1996. Both ratios stay manageable, with mortgage-to-income at 25.6% and rent-to-income at 21.3%, each below the 30% stress line.

Median House Price Trend

Source: State Valuer-General

Mortgage / mo

$1,300

Rent / wk

$250

HH Size

2.3

Personal Income / wk

$628

Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)

6.6%

Unoccupied

143

Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress

21.3%

Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress

25.6%

Community Profile

Languages Spoken at Home

Nepali
20

Ancestry

English
2,223
Irish
508
Scottish
410
Ancestry NS
301
Other
251
German
128

Household Composition

33.7%

Couples, no children

3,817

Total families

Economy & Employment

The local workforce concentrates in Healthcare, which leads at 22.5% of jobs (301 workers), followed by Construction at 11.4% (153) and Education at 10.1% (136), with Manufacturing at 7.9% and Retail at 7.5%. By occupation, labourers (317) and community and personal service workers (312) outnumber professionals (266) and managers (247), a blue-collar mix that explains the decile 1 SEIFA education and occupation score and the decile 2 overall advantage ranking. Unemployment sits at 5.9% and the full-time employment rate is 62.4%, but participation reads only 51.3% because the aging profile leaves 1,665 residents not in the labour force. Real incomes still grew 13.8% over the decade, easing pressure even at a 23.3rd-percentile household income.

Unemployment

3.4%

Labour Force

2,906

Unemployed

99

Quarterly Trend

Mar-24 Dec-25

Source: SALM Dec-25

Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)

Overall advantage
2
Disadvantage
2
Economic resources
3
Education & occupation
1

Full-time

62.4%

Part-time

31.7%

Participation

51.3%

Employed

2,024

Occupations

Labourers 317
Community/Personal 312
Professionals 266
Managers 247
Sales 224
Clerical/Admin 215
Machinery/Drivers 199

Top Industries

Healthcare 22.5%
Construction 11.4%
Education 10.1%
Manufacturing 7.9%
Retail 7.5%

University

18.3%

Postgraduate

4.2%

Born Overseas

9.9%

Dwellings

2,006

Transport to Work

The town is built around the car: 90.2% of commuters drive, while only 0.9% use public transport and 3.6% walk or cycle, expected given the 63.96 km2 footprint at just 78.6 residents per km2. Volunteering runs at 15.2% and 10.1% of residents, 484 people, need daily assistance, consistent with the older median age of 43. The SEIFA scores frame the social context: decile 2 on both relative advantage and disadvantage place Latrobe well below the national midpoint, though housing pressure stays low with rent-to-income at 21.3% and mortgage-to-income at 25.6%. No schools are recorded inside the suburb boundary in this dataset, so families rely on institutions in nearby Devonport and surrounding towns.

Drive

90.2%

Public Transport

0.9%

Walk / Cycle

3.6%

Work from Home

N/A

Population Forecast

+1.81%/yr

(+105 people/yr)

Established

Latrobe is growing faster than its size suggests, with the population up 27.5% over ten years and a forecast of 1.81% annually, about 105 residents a year. Medium projections lift the population from 5,905 in 2026 to 6,431 by 2031. Internal migration is the main driver at a net 74 people a year, well above the 18 from overseas migration, which is typical of an affordable regional town drawing mainland and intrastate movers. The gentrification score of 35 signals early-stage change rather than a finished transition, supported by a 38.9% rise in rents. Affordability has held steady, easing only slightly from 39.7% in 2011 to 39.4% in 2021, so growth has not yet priced out local buyers.

Historical + Forecast

Hamilton-Perry + Holt smoothing on ERP 2001-2025

Age Cohort Forecast

Primary Driver

Internal Migration

Net Overseas / yr

+18

Net Internal / yr

+74

35

Gentrification Signal

Early signs

Population +31% since 2011, Net internal migration +74/yr, Accelerating: 4% → 26%

National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs

How Latrobe compares to ~15,000 Australian suburbs

Population
Top 11%
Household Income
Bottom 23%
Rent Level
Bottom 44%
Apartments
Bottom 0%
Renters
Top 31%
Uni Educated
Bottom 31%
Public Transport
Bottom 13%
Born Overseas
Bottom 29%
Density
Top 28%

Frequently Asked Questions

Is Latrobe a good suburb to live in?

Latrobe suits buyers wanting space and affordability: 93.4% of homes are separate houses and monthly mortgage repayments average $1,300, a mortgage-to-income ratio of 25.6%, below the 30% stress line. The trade-offs are a low household income in the 23.3rd percentile and decile 2 SEIFA advantage, below the national midpoint.

What is the median house price in Latrobe?

The median house price is $645,000 in 2026, up from $616,000 in 2025 and $581,000 in 2024. Over 30 years prices grew at a 7.2% compound annual rate. Weekly rent averages $250, which gives a gross rental yield near 2.0% against the current median.

What schools are in Latrobe?

No schools are recorded inside the Latrobe suburb boundary in this dataset, so families rely on schools in nearby Devonport and surrounding towns. University qualifications among residents reach 18.3%, which is 11.8 points below the national figure, reflecting a more trade-oriented workforce.

Is Latrobe safe?

Detailed crime statistics are not available for Latrobe in this dataset. As an indirect measure, the suburb scores decile 2 on the SEIFA index of relative disadvantage, below the national midpoint, and 10.1% of its 5,030 residents, about 484 people, need daily assistance.

Is Latrobe good for property investment?

Weekly rent of $250 against a $645,000 median gives a gross yield near 2.0%, modest, and the vacancy rate is 6.6%. The case rests on growth: rents rose 38.9% over the period, internal migration adds 74 residents a year, and the population is forecast to grow 1.81% annually.

How is Latrobe's population changing?

Latrobe's population grew 27.5% over the past decade and is forecast to rise 1.81% a year, about 105 residents annually, reaching 6,431 by 2031. Growth is driven by net internal migration of 74 people a year, far above the 18 from overseas, while the median age of 43 sits 3.0 years above national.

How to read these comparisons

Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.

Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.

Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.

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