Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $410,000, Annual capital growth 4.08%, Number of sales 70, Weekly median advertised rent $370

Legana Unit: Median price $281,000, Annual capital growth 1.02%, Number of sales 23, Weekly median advertised rent $315

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

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.

Information supplied by:


December 2018

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Just approximately 10 minutes from Launceston, the suburb of Legana is close to the Tamar Valley wineriesFull summary

Growth slows in wine hub

Postcode: 7277

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
Metrics i HOUSE UNIT
$410,000 $281,000
1.23% -3.10%
4.33% -5.55%
4.08% 1.02%
$370 $315
70 23
4.69% 5.83%
62.395832 72.28571

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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