Suburb Profile Report for Leongatha VIC (3953)

Leongatha House: Median price $330,000, Annual capital growth 4.22%, Number of sales 147, Weekly median advertised rent $290

Leongatha Unit: Median price $267,500, Annual capital growth 2.01%, Number of sales 32, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 6.45% for the last 12 months, Leongatha, 3953 has performed for property investments than its average annual 4.22% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Leongatha has given property investors a paper return of 3.13%. This puts Suburb as 208 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Leongatha are currently offering property investors an average price cut of -5.20% below the asking price at the moment.

The VIC suburb of Leongatha, 3953 is in the South Gippsland local government area.

Property value increases in Leongatha have tracked just lower than the VIC average of 7.73% over the last 12 months.

Leongatha,3953 has offered an average of -0.93% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.67% offered to property buyers. Sellers in Leongatha itself are offering an average vendor discount of -4.62% to real estate investors.

Often selling an investment property can take time, and in Leongatha the average time real estate has been on the market is 174.5 days.

A $220 per week rent on the median house gives suburb investors a gross yield of circa 4.28%, without taking into account capital value appreciation, which has been averaging out at 2.01%.

Metrics i HOUSE UNIT
$330,000 $267,500
3.13% -0.93%
6.45% -0.93%
4.22% 2.01%
$290 $220
147 32
4.57% 4.28%
94.37 174.5

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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