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.