Giving property investors a a stable capital gain of 5.13% for the last year, Legana, 7277 is the 1387th highest performer in Australia in this respect.
A 29.54% growth in median value for property investors in Legana,7277 puts this suburb at number 87th in terms of best performing suburbs in TAS
Property buyers and investors in Legana 7277 should be seeing an average reduction in asking price of around -5.39% . This means that Legana is holding prices well when compared to other suburbs in TAS.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 3.70%, investors should hope to achieve an overall return of 4.69%
TAS has seen average median house prices change by 7.81% which means that Legana, 7277 has done well for property investors by showing a capital gain of -5.71% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Legana comes in at number 50th in TAS.
Residents and property investors in Legana have been waiting around 53.57 days to sell a property.
The TAS suburb of Legana, 7277 is in the West Tamar (M) local government area.
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