Suburb Profile Report for Longford TAS (7301)

Longford House: Median price $299,000, Annual capital growth 2.03%, Number of sales 73, Weekly median advertised rent $300

Longford Unit: Median price $261,000, Annual capital growth 10.96%, Number of sales 25, Weekly median advertised rent $255

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

Longford is an average performer in TAS when comparing median price capital growth over the last year. Longford gave property investors a average capital gain figure when compared to the rest of the state, with 10.74%.

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.

Longford7301 is located in TAS which offers an average discount of -5.53% to property investors. Longford itself is showing figures that indicate -3.57% is the average achievable by property buyers investing in the suburb.

In the last year 73 properties changed hands in Longford, which puts it as the 37th most active market in TAS when comparing the number of sales per suburb.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.22%, without taking into account capital value appreciation, which has been averaging out at 2.03%.

Longford, 7301 ranked 34th in TAS when comparing growth in median property values or capital gain over the last 12 months. Longford is one of 606 in our list for TAS

Longford,7301 was ranked 734 in Australia by increase in median property value over the quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Longford itself are offering an average vendor discount of -1.04% to real estate investors.

Often selling an investment property can take time, and in Longford the average time real estate has been on the market is 69.66 days.

Advertised rents are around the $255 mark per week – giving a return of 5.08% based on the median price in Suburb

Metrics i HOUSE UNIT
$299,000 $261,000
9.22% 0.38%
10.74% 7.63%
2.03% 10.96%
$300 $255
73 25
5.22% 5.08%
51.22 69.66

Source: CoreLogic

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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