Investment property in Legana has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.76%
Legana,7277 has offered an average of -6.76% 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.
At number 2270 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 89.21 for properties listed there.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 2.62%.
Property value increases in Legana have tracked just lower than the TAS average of 3.60% over the last 12 months.
Taking the average capital gain, or increase in median house value, Legana,7277 has racked up an average of -3.16% over the period. This ranks it number 1370th in the whole country for real estate investors looking at median house price increases.
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 -5.59% is being offered, which puts this TAS suburb at 592th most discounted overall in Australia.