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Legana

Suburb Profile

Legana - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7277

house
unit

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

Average median house prices in TAS have risen as a whole, pulling LEGANA, 7277 values up and netting property investors a capital gain of 10.06% for the past year.

Investors saw the median home price rise to $465,000.

Profits due to an upward trend in home prices in the suburb averaged 6.93% per annum over a 3-year period.

LEGANA now ranks at the 114th 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 $405 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 45.8 days.

In 2016, 63 properties were sold in LEGANA during the past year, making it the 28th most active market in TAS based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $465,000 $347,500
GROWTH REPORT
Median Quarterly 1.09% -0.71%
Median 12 month 10.06% 3.73%
Median 3 years 20.78% 17.8%
Median 5 years 27.22% 23.89%
10 years average annual 3.36% 2.12%
Weekly media advert. rent $405 $370
Time on Market 45.8 days 38.2 days
Gross Rental Yield Percent 4.53% 5.54%
demographics (median values)
Total Population
2970
Weekly Household Income
1048
Household Size
2.90
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