Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $340,000, Annual capital growth 2.27%, Number of sales 62, Weekly median advertised rent $350

Legana Unit: Median price $265,000, Annual capital growth 1.03%, Number of sales 19, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -7.48% for the last 12 months, Legana, 7277 has performed for property investments than its average annual 2.27% property growth over the last 5 years.

Legana,7277 has offered an average of -7.48% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -7.31% to buyers in Legana at the moment, which is less than average for the rest of TAS.

On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

TAS has seen average median house prices change by 3.83% which means that Legana, 7277 has done well for property investors by showing a capital gain of -7.02% over the last year

Taking the average capital gain, or increase in median house value, Legana,7277 has racked up an average of -7.02% over the period. This ranks it number 1500th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Legana is offering property investors an average of -5.46. This rate of discount on properties puts Suburb at number 21th in terms of most discounted suburbs in TAS

At number 1263 in a list of fastest selling suburbs, Legana is in the bottom 20% of suburbs in Australia with an average of days on market 112.63 for properties listed there.

Situated 126.05km from the CBD, Legana is one of West Tamar localities in the postcode 7277.

HOUSE UNIT
$340,000 $265,000
-2.86% -7.59%
-7.48% -7.02%
2.27% 1.03%
$350 $265
62 19
5.35% 5.20%
89.68 112.63

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
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