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Bells Parade wharf, Latrobe
Latrobe · Mersey River, North-West Tasmania
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Bells Parade wharf, or the Gilbert Street heritage strip

The birthplace of
competitive woodchopping.
Still swinging strong.

Latrobe was founded in 1826 as a Mersey River port, and its Bells Parade wharf hosted the world's first competitive wood-chopping event in 1891, the town is still home to the Australian Axeman's Hall of Fame today. More than 70 heritage-listed buildings line Gilbert Street, and Devonport, with its port, hospital and major employers, sits just 10 to 15 minutes away.

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+10.3%
12-Month Growth
$628.5k
Median House Price
4.67%
Gross Rental Yield
1891
World's First Wood-Chop Contest, Bells Parade
Why Latrobe

A genuine 19th-century river town, 10 minutes from a regional hospital city.

Latrobe was established as a Mersey River port in 1826 and named for Charles Joseph La Trobe, Lieutenant-Governor of Van Diemen's Land, in 1861. More than 70 heritage-listed buildings still line Gilbert Street, and Bells Parade, the original 1820s port and wharf, hosted the world's first competitive wood-chopping event in 1891. The town remains home to the Australian Axeman's Hall of Fame today.

It's not just heritage. Health Care and Social Assistance is the Latrobe LGA's largest employment sector, anchored by the Mersey Community Hospital, and the surrounding LGA is a genuine food-production hub: 12.15% of Tasmania's potatoes and 21.53% of its apples are grown here, backed by processing investment from Simplot, McCains and Costa.

Median house prices sit around $628,500, on a market of 76 sales in the past year, with growth of 13.09% and Devonport's port, hospital and major employers just 8 to 11km away.

A package ready to present in Latrobe
70+
Heritage-listed buildings along Gilbert Street
5,030
Suburb population, 2021 Census, up 20.65% since 2016
$628.5k
Median house price, 76 sales in the past year
8–11 km
To Devonport CBD, 10 to 15 minutes

Genuine Heritage

More than 70 heritage-listed buildings along Gilbert Street, plus the Australian Axeman's Hall of Fame at Bells Parade, site of the world's first wood-chopping contest in 1891.

A Regional Hospital on the Doorstep

Mersey Community Hospital anchors Health Care and Social Assistance as the Latrobe LGA's largest employment sector, backed by a $174 million North West Hospitals Masterplan.

A Genuine Food-Production Hub

The Latrobe LGA grows 12.15% of Tasmania's potatoes and 21.53% of its apples, backed by major processing investment from Simplot, McCains and Costa.

Strategic Location

8 to 11km from Devonport CBD, around 10 to 15 minutes, with Launceston about an hour away via the Bass Highway.

A Growing Town

Population grew 20.65% between the 2016 and 2021 Census to 5,030 residents, one of the faster-growing towns in this series.

Solid Recent Growth

House prices grew 13.09% over the past year (HtAG Analytics), on a market of 76 sales, one of the more liquid markets we cover.

Gilbert Street heritage strip, Latrobe
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The Gilbert Street heritage strip, or the Australian Axeman's Hall of Fame
8–11 km / ~10–15 min
Devonport CBD
82 km / ~1 hr
Launceston, via the Bass Highway
~285 km / ~3.5 hr
Hobart
~5 km
Mersey Community Hospital
The Pipeline

What's actually funded or already delivered, in Latrobe and the wider Devonport / Mersey region.

Energy & Industry

No funded energy or major industrial project confirmed within the Latrobe LGA itself. The region's food-processing investment from Simplot, McCains and Costa is described as ongoing and significant by Council, but no discrete, dated, funded figure was confirmed for this profile.

Transport & Connectivity

$420 million Bass Highway Northern Roads Package Stage 2. Jointly funded ($336m federal / $84m state), including a 5.1km safety upgrade on the Latrobe–Sassafras section: central barriers, wider shoulders, intersection upgrades. Construction expected to start April 2027, completion mid-2028.

Devonport Wharf (Berth 3) extension. Around $50 to $60 million, TasPorts, extending berthing facilities for the new Spirit of Tasmania vessels. Completion brought forward to October 2026.

Community

$45 million Mersey Community Hospital redevelopment. Completed May 2025: a new Elective Day Surgery Centre, 13 new consulting rooms, six specialist treatment rooms, and expanded endoscopy and paediatric services.

North West Hospitals Masterplan, Stage 1. $174 million combined investment across Mersey Community Hospital and North West Regional Hospital. At Mersey, delivers a new sub-acute building for palliative care, geriatric evaluation and medical oncology, currently in planning.

$10.3 million Latrobe Council 2025/26 Capital Works Program. 52 projects including the Hawley Foreshore Shared Pathway, Tarleton Road and Percival Street reconstruction, and completion of the Latrobe Flood Mitigation Project.

Key Metrics

76 house sales in the past year, one of the more liquid markets in this series, and sources broadly agree. We still flag every disagreement we found.

$628,500
Median house price. CoreLogic via YIP; other providers range $465,000 to $615,000, some appear to be older snapshots.
+13.09%
12-month growth. HtAG Analytics; CoreLogic via YIP shows +10.26% over the same period, see the full history below.
$550 / wk
Median weekly rent. CoreLogic via YIP; other sources show $445–$450, appear to be older snapshots.
4.67%
Gross rental yield. CoreLogic via YIP; range across sources 3.80% to 5.03%.
Not published*
Vacancy rate. *No suburb or postcode figure available; Tasmania's tightest capital, Hobart, ran below 1% through most of 2025-26.
Sources: HtAG Analytics (growth history) · Cotality/CoreLogic via Your Investment Property Magazine (76 house sales, most recent 12 months); RealEstateInvestar.com.au (listing-based); PropertyPriceHistory.com; SmartPropertyInvestment.com.au. Where sources disagree we favour the longer, more consistent data series and say so. Data changes, verify before relying on it.
Growth Over Time

HtAG Analytics, house price growth to Jun 2026.

13.09%
1 Year
15.74%
3 Years
54.39%
5 Years
143.70%
10 Years
Comparable Rentals

No Latrobe-specific vacancy figure is published at suburb or postcode level. The closest usable context is statewide: Tasmania's tightest capital, Hobart, ran below 1% through most of 2025-26, and the national rate sat around 1.2% to 1.3% over the same period.

We favour the number we can defend. Of the several sources quoting Latrobe's rent and yield, we lean on CoreLogic's sales-transaction-based figures over listing-based estimates, and we still get a written local appraisal before any number reaches a client.

What's solid: this is a genuine 19th-century river-port town with more than 70 heritage-listed buildings, a growing population, and a median price of $628,500 sitting comfortably under the Hobart median.

4.67%
Gross rental yield, CoreLogic
National average sits around 4.2%
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Don't take our word for the rent. Sources disagree by up to $105 a week on Latrobe's rent. We favour the sales-transaction-based figures over modelled estimates, and we still get a written rental appraisal from an independent local property manager for the actual home design and estate presented before any client commits.

Want the numbers for Latrobe?

Book a free 15-minute intro call. We'll walk you through the package, a local rent appraisal and build timeline for Latrobe specifically.

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Straight answers, no fine print

Latrobe, explained plainly.

Why Latrobe specifically?
It's a genuine 19th-century river-port town, more than 70 heritage-listed buildings along Gilbert Street, the Australian Axeman's Hall of Fame at Bells Parade, and a real health-care employment base anchored by the Mersey Community Hospital, all 10 to 15 minutes from Devonport. House prices sit around $628,500, well under the Hobart median, with growth of 13.09% over the past year (HtAG Analytics).
Why don't you show a Latrobe-specific vacancy rate?
Because none is published at suburb or postcode level. SQM Research's Tasmanian regional breakdown doesn't cover Latrobe as a standalone region, so rather than estimate one, we say plainly it isn't available and lean on a written local appraisal instead.
Why do the price and rent figures vary between sources?
Different providers use different methods, some track settled sales, others track asking prices or modelled valuations. We default to Cotality/CoreLogic's sales-transaction data because it reflects what homes actually sold for, and we flag it whenever another source disagrees.
Is the first call genuinely free and no-obligation?
Yes. It's 15 minutes, it's free, and there's no obligation. We'll look at your numbers and tell you honestly whether Latrobe is the right fit.
Take the first step

A 19th-century river town.
A 21st-century regional
hospital city, minutes away.

Book a free 15-minute intro call with a Property Investment Strategist. We'll walk you through Latrobe and tell you honestly whether it fits your numbers.

Book My Free 15-Minute Call

Or call us on 1300 747 867  ·  admin@pistore.com.au