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Legana

POSTAL CODE: TAS, 7277
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LEGANA, 7277 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $697,500.

Profits due to an upward trend in home prices in the suburb averaged 0.48% per annum over a 3-year period.

LEGANA now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in LEGANA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $590 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LEGANA, homes and units usually stay on listing for an average of 80.5 days.

In 2016, 83 properties were sold in LEGANA during the past year, making it the 9th most active market in TAS based on total real estate transactions.

Surburb overview

Legana, with the postcode 7277, is a rapidly growing suburb located approximately 11 kilometres northwest of Launceston in Tasmania, situated along the western shore of the Tamar River. The population is around 4,500 residents, comprising a diverse mix of families, professionals, and retirees.

Legana falls under the jurisdiction of the West Tamar Council, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Launceston and surrounding areas. The suburb is also easily accessible by car via the West Tamar Highway.

Educational facilities near Legana include Legana Primary School, which serves the local community and provides a strong educational foundation for young children. For secondary education, students typically attend nearby schools such as Riverside High School and Exeter High School. For higher education, residents have access to institutions in Launceston, such as the University of Tasmania and various vocational training centres.

Legana offers a variety of local shops, supermarkets, cafes, and dining options within the suburb. The Legana Shopping Centre serves as a focal point for retail and community services, featuring a range of stores that cater to everyday needs. For more extensive shopping and services, residents often travel to Launceston, which offers a broader range of retail stores, supermarkets, and entertainment options.

Legana is rich in recreational activities, with numerous parks, reserves, and green spaces enhancing the suburb’s appeal. The nearby Tamar Island Wetlands Reserve offers opportunities for birdwatching, nature walks, and exploring Tasmania’s diverse flora and fauna. Residents can also enjoy outdoor activities such as walking, cycling, and picnicking in the scenic Legana Park and Riverside Reserve.

The suburb’s location along the Tamar River provides excellent opportunities for water-based activities such as fishing, kayaking, and boating. The picturesque riverfront and nearby vineyards contribute to Legana’s appeal as a desirable location for both residents and visitors.

Community engagement is strong in Legana, with various local events and activities fostering a sense of connection and social interaction. The suburb’s parks and community centres host numerous programs and events, providing opportunities for residents to come together and enjoy the vibrant community spirit.

Residents of Legana benefit from its proximity to Launceston, allowing easy access to the city’s cultural and recreational attractions, including the Cataract Gorge Reserve, the Queen Victoria Museum and Art Gallery, and the Launceston Aquatic Centre. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the Tamar Valley and its renowned wineries.

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