Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $345,000, Annual capital growth 2.49%, Number of sales 62, Weekly median advertised rent $330

Legana Unit: Median price $276,750, Annual capital growth 1.40%, Number of sales 17, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3270th in the list of Australian suburbs ordered by increase in median house value over the last year, Legana, 7277 is in the BOTTOM 30% with a property value increase of -3.23% recorded in median house prices.

The five-year average increase in median property values for Legana,7277 has given property investors a potential capital gain of 5.83% across each of those five years.

At number 57th of TAS’s most discounted properties, Legana is in the bottom 40% of the state/territory when listing in order of most discounted to least.

At number 2175 in a list of fastest selling suburbs, Legana is just in the bottom half of suburbs in Australia with an average of days on market 88.39 for properties listed there.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.49%, investors should hope to achieve an overall return of 4.97%

If you compare the increase in value of investment property in Legana, 7277 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -2.55%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Legana has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Legana, 7277. Typically our figures indicate that -5.67% is being offered, which puts this TAS suburb at 580th most discounted overall in Australia.

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

Situated 120.87km from the CBD, Legana is one of West Tamar localities in the postcode 7277.

HOUSE UNIT
$345,000 $276,750
4.39% -3.82%
-3.23% -2.55%
2.49% 1.40%
$330 $270
62 17
4.97% 5.07%
88.39 112.63

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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
Chart Table
Recent sales & rentals