Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $380,000, Annual capital growth 3.48%, Number of sales 80, Weekly median advertised rent $330

Legana Unit: Median price $290,000, Annual capital growth 2.05%, Number of sales 31, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Legana, 7277 have given investors a capital gain of 8.57%. This compares averagely with the 8.18% for TAS as a whole.

A 11.76% growth in median value for property investors in Legana,7277 puts this suburb at number 42th in terms of best performing suburbs in TAS

Vendor discounting in Legana is giving property investors an average Vendor Discount of around -6.41%. This puts suburb at number 64th in TAS when ranking the most discounted suburbs.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.52%, without taking into account capital value appreciation, which has been averaging out at 3.48%.

Giving property investors a an unimpressive capital gain of 0.78% for the last year, Legana, 7277 is the 1107th highest performer in Australia in this respect.

Property investors looking for a bargain in Legana should be aiming for at least -4.73% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1049 in a list of fastest selling suburbs, Legana is in the bottom 30% of suburbs in Australia with an average of days on market 93 for properties listed there.

With the median price for a house in Legana being $290000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.74%

Metrics i HOUSE UNIT
$380,000 $290,000
4.83% N/A
8.57% 0.78%
3.48% 2.05%
$330 $320
80 31
4.52% 5.74%
76.93 93

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3678
Median household income ($/weekly) 1271
Median age of persons 40
Median housing loan repayment ($/monthly) 1528
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 589 16.0
    35-44 years 549 14.9
    45-54 years 508 13.8
    55-64 years 424 11.5
    65-74 years 335 9.1
    Others 1273 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1553 60.6
    Not Married 807 31.5
    Defacto Relationship 203 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3100 85.9
    New Zealand 53 1.5
    Papua New Guinea 38 1.1
    United Kingdom 239 6.6
    Other 57 1.6
    Others 123 3.4
    Country of Birth
    Census Count Percent(%)
    Christianity 2413 71.8
    No Religion 907 27.0
    Hinduism 20 0.6
    Other Religious Groups 12 0.4
    Buddhism 11 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 113 10.0
    $800-$999 116 10.2
    $1,250-$1,499 127 11.2
    $1,500-$1,999 169 14.9
    $2,000-$2,499 113 10.0
    Others 496 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1029 38.1
    Not in the labour force 907 33.6
    Employed, worked part-time 591 21.9
    Employed, away from work 102 3.8
    Unemployed, looking for work 73 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 222 12.9
    Professionals 304 17.7
    Technicians & trades workers 316 18.4
    Clerical & administrative workers 281 16.4
    Sales 186 10.8
    Others 409 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 41 4.5
    Infants/Primary 420 45.7
    Secondary 260 28.3
    Technical or Further Educational Institution 89 9.7
    University or other Tertiary Institutions 94 10.2
    Others 16 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3290 95.7
    Flat, unit or apartment 115 3.3
    Improvised home, tent, sleepers out 16 0.5
    Caravan, cabin, houseboat 9 0.3
    Semi-detached, row or terrace house, townhouse 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 577 46.6
    Fully owned 496 40.1
    Rented 161 13.0
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals