Suburb Profile Report for Longford TAS (7301)

Longford House: Median price $272,375, Annual capital growth 1.75%, Number of sales 66, Weekly median advertised rent $270

Longford Unit: Median price $230,000, Annual capital growth 6.83%, Number of sales 20, 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 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 -0.05%.

A 9.17% growth in median value for property investors in Longford,7301 puts this suburb at number 35th in terms of best performing suburbs in TAS

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.89% offered to property buyers. Sellers in Longford itself are offering an average vendor discount of -7.86% to real estate investors.

Advertised rents are around the $270 mark per week – giving a return of 5.15% based on the median price in Suburb

With a capital gain of 21.05% for the last 12 months, Longford, 7301 has performed for property investments than its average annual 6.83% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Longford comes in at number 50th in TAS.

Vendor discounting in Longford is giving property investors an average Vendor Discount of around -5.03%. This puts suburb at number 30th in TAS when ranking the most discounted suburbs.

Metrics i HOUSE UNIT
$272,375 $230,000
6.81% -0.54%
-0.05% 21.05%
1.75% 6.83%
$270 $250
66 20
5.15% 5.65%
92.25 63.9

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (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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