Suburb Profile Report for Longford TAS (7301)

Longford House: Median price $435,500, Annual capital growth 5.36%, Number of sales 89, Weekly median advertised rent $388

Longford Unit: Median price $275,000, Annual capital growth 3.23%, Number of sales 20, Weekly median advertised rent $290

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Longford has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 17.70% to date .

The five-year average increase in median property values for Longford,7301 has given property investors a potential capital gain of 59.82% across each of those five years.

Sellers are offering property buyers an average discount of -3.46% to buyers in Longford at the moment, which is less than average for the rest of TAS.

Often selling an investment property can take time, and in Longford the average time real estate has been on the market is 31.4643 days.

Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 5.36%, investors should hope to achieve an overall return of 4.63%

At number 1565th in the list of Australian suburbs ordered by increase in median house value over the last year, Longford, 7301 is in the BOTTOM 10% with a property value increase of -9.91% recorded in median house prices.

Across a shorter period, Longford, 7301 has seen a median price increase of 0.00% over the last quarter.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$435,500 $275,000
10.25% 0.00%
17.70% -9.91%
5.36% 3.23%
$388 $290
89 20
4.63% 5.48%
31.4642857142857 57.5333333333333

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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