Suburb Profile Report for Longford TAS (7301)

Longford House: Median price $289,000, Annual capital growth 1.66%, Number of sales 59, Weekly median advertised rent $300

Longford Unit: Median price $260,500, Annual capital growth 6.60%, Number of sales 22, Weekly median advertised rent $255

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

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%.

Metrics i HOUSE UNIT
$289,000 $260,500
3.21% 0.77%
6.06% 8.54%
1.66% 6.60%
$300 $255
59 22
5.40% 5.09%
49.8 80.8

Source: CoreLogic

DSR Score for property investment : Very 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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Recent sales & rentals