This property or other similar established properties can be acquired by our Inner Circle membership. This property may be available or it may have been acquired by our client. Submit an enquiry to learn more.
High-Quality Multi-Income Home
This is a large, modern, high-quality build intelligently configured into three self-contained living zones — a main dwelling plus two additional income-producing units.
The design allows for multiple income streams on one title, while still maintaining privacy, space, and strong owner-occupier appeal. Being a newer build, it offers low ongoing maintenance and predictable holding costs — ideal for long-term investors.
Located in St Leonards, a tight rental market within the Launceston region, the property benefits from strong tenant demand, supporting both rental growth and capital growth over time.
Key highlights:
- Three income streams from one property
- Modern, quality construction (low maintenance setup)
- Flexible strategy: rent all three, or live in one and rent the others
- Strong long-term fundamentals in a supply-constrained market
- Ideally located just 6 km from Launceston CBD and approx. 15 km to Launceston Airport, offering a convenient balance between city access and peaceful suburban living.
- Close to local shopping spots including neighbourhood supermarkets, cafes, and essential services, with easy access to larger commercial centres in Launceston.
- Strong education appeal with nearby public and private schools, including primary and high schools, and within reach of University of Tasmania’s Newnham Campus.
- Surrounded by open space and natural beauty — near the North Esk River, St Leonards Picnic Ground, and multiple walking trails, ideal for families and nature lovers.
- Medical access includes nearby GP clinics, with Launceston General Hospital just a short drive away, supporting consistent demand from health sector tenants.
- Quiet and community-focused environment, popular with families, retirees, and professionals, offering larger blocks and newer residential estates.
- Well-serviced by public bus routes and main arterial roads providing direct access to the city and broader Tamar Valley region.
- Low vacancy rates and high tenant retention supported by lifestyle appeal and limited competing supply.
- Limited new land releases and zoning constraints are creating supply pressure, helping drive long-term capital growth.
- Within commuting distance to major employment hubs, including the CBD, hospital precinct, education institutions, and retail centres.
- Benefiting from ongoing infrastructure improvements in the broader Launceston region, including road upgrades, health services, and education investment.
Recommended Due Diligence
Building & pest inspections, Title search, Flood, Bushfire, Easements, Soil type, Water & sewer, Stormwater, Rooming compliance, Supply Demand stats review, Vacancy rates stats review, Contract review, Tenant agreement review.
Our Inner Circle membership includes Due Diligence, Search, Data Research, Strategy forming, and End to End Support.
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