Suburb Profile Report for Leongatha VIC (3953)

Leongatha House: Median price $342,500, Annual capital growth 4.36%, Number of sales 143, Weekly median advertised rent $283

Leongatha Unit: Median price $275,000, Annual capital growth 2.27%, Number of sales 29, Weekly median advertised rent $245

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

Over the last year, property investments in Leongatha, 3953 have given investors a capital gain of 14.17%. This compares favourably with the 7.88% for VIC as a whole.

Comparing Leongatha,3953 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Leongatha, 3953 is offering VIC ‘s 474th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Residents and property investors in Leongatha have been waiting around 90.05 days to sell a property.

Using the current median advertised rental of $282.5 and the average annual increase in value of a median property of 4.36%, investors should hope to achieve an overall return of 4.29%

If you compare the increase in value of investment property in Leongatha, 3953 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.85%.

Across a shorter period, Leongatha, 3953 has seen a median price increase of 3.77% over the last quarter.

Our latest figures would indicate that property sellers in Leongatha are currently offering property investors an average price cut of -2.84% below the asking price at the moment.

In the last year 29 properties changed hands in Leongatha, which puts it as the 239th most active market in VIC when comparing the number of sales per suburb.

Situated 113.17km from the CBD, Leongatha is one of South Gippsland localities in the postcode 3953.

Metrics i HOUSE UNIT
$342,500 $275,000
3.79% 3.77%
14.17% 1.85%
4.36% 2.27%
$283 $245
143 29
4.29% 4.63%
90.05 144.14

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5332
Median household income ($/weekly) 947
Median age of persons 40
Median housing loan repayment ($/monthly) 1352
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 693 13.0
    25-34 years 616 11.6
    35-44 years 588 11.0
    45-54 years 677 12.7
    55-64 years 668 12.5
    Others 2090 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 1917 50.9
    Not Married 1463 38.9
    Defacto Relationship 384 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4592 90.1
    Japan 42 0.8
    New Zealand 63 1.2
    Papua New Guinea 45 0.9
    United Kingdom 171 3.4
    Others 183 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.8
    Christianity 3273 67.8
    Hinduism 10 0.2
    Other Religious Groups 9 0.2
    No Religion 1483 30.7
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 183 9.7
    $400-$599 264 13.9
    $600-$799 215 11.4
    $800-$999 225 11.9
    $1,500-$1,999 224 11.8
    Others 783 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1572 38.2
    Employed, worked full-time 1440 35.0
    Employed, worked part-time 821 20.0
    Employed, away from work 188 4.6
    Unemployed, looking for work 89 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 310 12.6
    Professionals 378 15.4
    Technicians & trades workers 408 16.6
    Clerical & administrative workers 310 12.6
    Sales 291 11.9
    Others 757 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 92 8.4
    Infants/Primary 441 40.2
    Secondary 333 30.4
    Technical or Further Educational Institution 115 10.5
    University or other Tertiary Institutions 79 7.2
    Others 37 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4535 93.5
    Semi-detached, row or terrace house, townhouse 228 4.7
    Flat, unit or apartment 68 1.4
    Caravan, cabin, houseboat 12 0.2
    House or flat attached to a shop, office 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 834 40.8
    Being purchased 660 32.3
    Rented 535 26.2
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals