Suburb Profile Report for Longford TAS (7301)

Longford House: Median price $260,125, Annual capital growth 1.41%, Number of sales 62, Weekly median advertised rent $270

Longford Unit: Median price $227,500, Annual capital growth 5.36%, Number of sales 11, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Longford is in the bottom 20% in TAS when comparing median price capital growth over the last year. Longford gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.98%.

Longford,7301 has offered an average of -4.98% return per annum in house price rises to property investors over the last three years.

The most recent median price for Longford is $260125, with sellers offering an average of -7.56% off the asking price.

Advertised rents are around the $270 mark per week – giving a return of 5.40% based on the median price in Suburb

Longford is in the bottom 30% in TAS when comparing median price capital growth over the last year. Longford gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.67%.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.71%, without taking into account capital value appreciation, which has been averaging out at 5.36%.

HOUSE UNIT
$260,125 $227,500
-6.18% N/A
-4.98% -2.67%
1.41% 5.36%
$270 $250
62 11
5.40% 5.71%
97.39 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3755
Median household income ($/weekly) 861
Median age of persons 44
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 458 12.2
    35-44 years 496 13.2
    45-54 years 535 14.2
    55-64 years 551 14.7
    65-74 years 420 11.2
    Others 1296 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 1511 53.3
    Not Married 1028 36.3
    Defacto Relationship 294 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3314 91.5
    New Zealand 16 0.4
    Papua New Guinea 42 1.2
    United Kingdom 164 4.5
    Other 27 0.7
    Others 58 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 2607 74.8
    No Religion 856 24.6
    Buddhism 11 0.3
    Other Religious Groups 8 0.2
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 150 11.0
    $400-$599 212 15.6
    $600-$799 151 11.1
    $800-$999 149 10.9
    $1,500-$1,999 149 10.9
    Others 552 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1260 42.3
    Employed, worked full-time 949 31.8
    Employed, worked part-time 570 19.1
    Unemployed, looking for work 117 3.9
    Employed, away from work 84 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 219 13.7
    Professionals 176 11.0
    Technicians & trades workers 296 18.5
    Clerical & administrative workers 185 11.6
    Labourers 236 14.8
    Others 487 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 36 4.8
    Infants/Primary 323 42.8
    Secondary 240 31.8
    Technical or Further Educational Institution 66 8.7
    University or other Tertiary Institutions 61 8.1
    Others 29 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3377 94.5
    Semi-detached, row or terrace house, townhouse 102 2.9
    Flat, unit or apartment 66 1.8
    Caravan, cabin, houseboat 17 0.5
    House or flat attached to a shop, office 7 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 635 43.0
    Being purchased 467 31.6
    Rented 365 24.7
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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