Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $340,000, Annual capital growth 2.50%, Number of sales 53, Weekly median advertised rent $318

Legana Unit: Median price $285,000, Annual capital growth 1.97%, Number of sales 16, Weekly median advertised rent $283

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

Source: CoreLogic

  • House Report
  • Unit Report

Legana has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -6.85% to date .

The five-year average increase in median property values for Legana,7277 has given property investors a potential capital gain of 4.62% across each of those five years.

Legana, 7277 is offering TAS ‘s 87th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.

At number 1502 in a list of fastest selling suburbs, Legana is in the TOP 40% of suburbs in Australia with an average of days on market 71.48 for properties listed there.

Legana is 100th on a list of best yielding suburbs for rents in TAS with a 4.86% return

Property value increases in Legana have tracked close to the TAS average of 2.96% over the last 12 months.

Comparing Legana,7277 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Legana is giving property investors an average Vendor Discount of around -4.16%. This puts suburb at number 35th in TAS when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Legana the average time real estate has been on the market is 131.76 days.

Property investors should expect to get $282.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$340,000 $285,000
-4.23% -0.35%
-6.85% 3.07%
2.50% 1.97%
$318 $283
53 16
4.86% 5.15%
71.48 131.76

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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Recent sales & rentals