This is according to Lionel Morrell, a heritage consultant and grandson of a World War I soldier, who raised the idea last week before Saturday's Anzac Day record attendance of 10,000 at Royal Park.

Mr Morrell said the idea of moving the memorial had arisen every five years or so, but now there was a fitting location to which it could go.

He said the location of what was now called North Bank was once referred to as Town Point, and King's Wharf was where Tasmanian troops left the state in World War II onboard the Taroona.

He suggested the war memorial be moved to the area at the end of Taroona Street, which ran between the two former woolstores and met the park or thereabouts.

"In this 100th anniversary, it would be a fitting time to move the memorial, as the current one was only built after 1923," Mr Morrell said.

Launceston RSL sub-branch president Graeme Barnett said they were neither for, nor against a move and would be open to any discussion.

Mr Barnett said he knew from past history standing in the crowd at Royal Park, that seeing and hearing everything was not always ideal, however he liked its central location.

The cenotaph is owned and cared for by the Launceston City Council.

Moving the cenotaph was also raised in the council meeting on Monday by Alderman Darren Alexander, who asked the thoughts of his colleagues following discussion on ABC radio.

Mayor Albert van Zetten said the council could explore the idea if it was put forward as a motion and other aldermen were interested in investigating the idea.