Suburb Profile Report for Legana TAS (7277)

Legana House: Median price $390,000, Annual capital growth 2.88%, Number of sales 58, Weekly median advertised rent $353

Legana Unit: Median price $314,500, Annual capital growth 2.58%, Number of sales 14, Weekly median advertised rent $310

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

If you compare the increase in value of investment property in Legana, 7277 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this TAS suburb was 2.63%.

Over the longer term, Legana has seen property prices show investors a 5.41% return over the last 3 years. This is worse than over the last 12 months

Legana7277 is located in TAS which offers an average discount of -5.50% to property investors. Legana itself is showing figures that indicate -4.02% is the average achievable by property buyers investing in the suburb.

In the last year 58 properties changed hands in Legana, which puts it as the 47th most active market in TAS when comparing the number of sales per suburb.

Situated 167.96km from the CBD, Legana is one of West Tamar localities in the postcode 7277.

Investment property in Legana has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.61%

The five-year average increase in median property values for Legana,7277 has given property investors a potential capital gain of 31.59% across each of those five years.

Sellers are offering property buyers an average discount of -3.50% to buyers in Legana at the moment, which is less than average for the rest of TAS.

Residents and property investors in Legana have been waiting around 54.83 days to sell a property.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 2.58%.

Metrics i HOUSE UNIT
$390,000 $314,500
-0.64% 0.64%
2.63% 6.61%
2.88% 2.58%
$353 $310
58 14
4.70% 5.13%
60.8 54.83

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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
Chart Table
Recent sales & rentals