At number 1594th in the list of Australian suburbs ordered by increase in median house value over the last year, Longford, 7301 is in the top 40% with a property value increase of 6.06% recorded in median house prices.
A 15.60% growth in median value for property investors in Longford,7301 puts this suburb at number 55th in terms of best performing suburbs in TAS
Property investors looking for a bargain in Longford should be aiming for at least -3.37% off the asking price, which is the average vendor discount being achieved at the moment.
The TAS suburb of Longford, 7301 is in the Northern Midlands local government area.
Property investors who have had real estate in Longford, 7301 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.54%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Longford has increased when compared to the 5 year average annual rate.
The most recent median price for Longford is $260500, with sellers offering an average of -0.97% off the asking price.
Residents and property investors in Longford have been waiting around 80.8 days to sell a property.
A $255 per week rent on the median house gives suburb investors a gross yield of circa 5.09%, without taking into account capital value appreciation, which has been averaging out at 6.60%.