Suburb Profile Report for Longford TAS (7301)

Longford House: Median price $298,000, Annual capital growth 1.95%, Number of sales 95, Weekly median advertised rent $320

Longford Unit: Median price $279,000, Annual capital growth 8.18%, Number of sales 27, Weekly median advertised rent $270

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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 6.43%

A 21.63% growth in median value for property investors in Longford,7301 puts this suburb at number 168th in terms of best performing suburbs in TAS

Sellers are offering property buyers an average discount of -5.68% to buyers in Longford at the moment, which is less than average for the rest of TAS.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

Investment property in Longford 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 4.85%

Over the longer term, Longford has seen property prices show investors a 10.77% return over the last 3 years. This is worse than over the last 12 months

At number 18th of TAS’s most discounted properties, Longford is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Longford is 33th on a list of best yielding suburbs for rents in TAS with a 5.01% return

Metrics i HOUSE UNIT
$298,000 $279,000
0.00% 3.53%
7.39% 7.31%
1.95% 8.18%
$320 $270
95 27
5.58% 5.03%
60.16923 74.8125

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3755
Median household income ($/weekly) 861
Median age of persons 44
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 458 12.2
    35-44 years 496 13.2
    45-54 years 535 14.2
    55-64 years 551 14.7
    65-74 years 420 11.2
    Others 1296 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 1511 53.3
    Not Married 1028 36.3
    Defacto Relationship 294 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3314 91.5
    New Zealand 16 0.4
    Papua New Guinea 42 1.2
    United Kingdom 164 4.5
    Other 27 0.7
    Others 58 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 2607 74.8
    No Religion 856 24.6
    Buddhism 11 0.3
    Other Religious Groups 8 0.2
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 150 11.0
    $400-$599 212 15.6
    $600-$799 151 11.1
    $800-$999 149 10.9
    $1,500-$1,999 149 10.9
    Others 552 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1260 42.3
    Employed, worked full-time 949 31.8
    Employed, worked part-time 570 19.1
    Unemployed, looking for work 117 3.9
    Employed, away from work 84 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 219 13.7
    Professionals 176 11.0
    Technicians & trades workers 296 18.5
    Clerical & administrative workers 185 11.6
    Labourers 236 14.8
    Others 487 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 36 4.8
    Infants/Primary 323 42.8
    Secondary 240 31.8
    Technical or Further Educational Institution 66 8.7
    University or other Tertiary Institutions 61 8.1
    Others 29 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3377 94.5
    Semi-detached, row or terrace house, townhouse 102 2.9
    Flat, unit or apartment 66 1.8
    Caravan, cabin, houseboat 17 0.5
    House or flat attached to a shop, office 7 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 635 43.0
    Being purchased 467 31.6
    Rented 365 24.7
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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