Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $345,000, Annual capital growth 2.62%, Number of sales 59, Weekly median advertised rent $330

Legana Unit: Median price $276,000, Annual capital growth 0.91%, Number of sales 26, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$345,000 $276,000
-3.16% 4.35%
-6.76% -3.16%
2.62% 0.91%
$330 $270
59 26
4.97% 5.09%
89.21 99.17

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