Legana, 7277 ranked 138th in TAS when comparing growth in median property values or capital gain over the last 12 months. Legana is one of 606 in our list for TAS
Legana,7277 was ranked 1521 in Australia by increase in median property value over the quarter.
Property buyers and investors in Legana 7277 should be seeing an average reduction in asking price of around -4.40% . This means that Legana is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 3.42%, investors should hope to achieve an overall return of 4.65%
At number 1079th in the list of Australian suburbs ordered by increase in median house value over the last year, Legana, 7277 is in the BOTTOM 40% with a property value increase of -3.22% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Legana,7277 has racked up an average of -3.22% over the period. This ranks it number 1052th in the whole country for real estate investors looking at median house price increases.
Legana, 7277 is offering TAS ‘s 55th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.
Often selling an investment property can take time, and in Legana the average time real estate has been on the market is 36.25 days.
Renters in Suburb are facing rents around $16380 per annum or $315 every week.
Just approximately 10 minutes from Launceston, the suburb of Legana is close to the Tamar Valley wineriesFull summary
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Growth slows in wine hub
Median unit price: $303,000
Three-year growth: 8.8%
Rental yield: 5.3%
Just approximately 10 minutes from Launceston, the suburb of Legana is close to the Tamar Valley wineries.
Aside from being along the wine route, Legana is also a short distance from Riverside, putting families in proximity to Riverside Primary School and Riverside High School. The suburb is also home to a shopping centre, supermarkets, cafes, a pub and restaurants. Social activities are centred on sports – the community precinct is home to the Legana Cricket Club and a bicycle dirt jump park.
Following a strong run over the 2013-2018 period, however, Legana’s unit market may be easing up, with value increases going from double-digit to single-digit growth. Nonetheless, Launceston has gotten some shine lately with some spillover from Hobart – coupled with the affordability of Legana apartments and its strong rental returns, we could see things pick up again.Close