Invermay Becomes Tasmania's Top Property Investment Hotspot for Growth

Invermay, a suburb in Launceston, is being touted as the latest investment hotspot in Tasmania, with its proximity to the city centre, stunning views of the Tamar River, and relatively affordable prices making it an attractive option for buyers.

The current median house price in Tasmania is around $560,000, but in Invermay, buyers can still find properties for under $450,000. This affordability, combined with the suburb's potential for growth, is making it a magnet for investors and first-home buyers alike. The lifestyle migration boom, which has seen many people move to Tasmania in search of a better work-life balance, is also driving up demand for property in the state, and Invermay is well-placed to benefit from this trend.

Local Factors Driving Growth

Invermay's emergence as an investment hotspot is being driven by a number of local factors, including the suburb's proximity to the University of Tasmania's Newnham campus, the Launceston General Hospital, and the city's CBD. The suburb is also home to a number of popular venues, including the Invermay Hotel and the Launceston Aquatic Centre, and is close to the scenic Cataract Gorge. Organisations such as the Launceston City Council and the Tasmanian Government's Department of State Growth are also investing in the area, with initiatives such as the Launceston City Heart Project and the Tasmanian Government's Affordable Housing Strategy aimed at revitalising the city and making it more attractive to residents and investors.

According to data from CoreLogic, the median house price in Invermay has increased by 10.5% over the past 12 months, to $428,000. This is higher than the statewide median growth rate of 8.1%, and suggests that Invermay is experiencing a period of significant growth. Meanwhile, rental yields in the suburb are also strong, with investors able to achieve gross yields of up to 5.5% per annum. As of June 2026, there were 27 properties for sale in Invermay, with prices ranging from $320,000 for a two-bedroom unit to $1.2 million for a four-bedroom house on Paterson Street.

So what's next for Invermay, and what does it mean for investors and buyers? As the suburb continues to grow and develop, it's likely that we'll see more new businesses and amenities opening up in the area, which will in turn drive up demand for property and push up prices. For investors, this means that now is a good time to get in on the ground floor, before prices rise too high. For buyers, it's a chance to get into the property market in a suburb that is likely to experience significant growth and returns over the coming years. The Launceston Chamber of Commerce and the Real Estate Institute of Tasmania are both predicting strong growth for the Launceston property market, and Invermay is likely to be at the forefront of this trend.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.