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 8.22% for the past year.
Investors saw the median home price rise to $395,000.
Profits due to an upward trend in home prices in the suburb averaged 1.57% per annum over a 3-year period.
LEGANA now ranks at the 95th 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 $340 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 63.7 days.
In 2016, 75 properties were sold in LEGANA during the past year, making it the 20th most active market in TAS based on total real estate transactions.
LEGANA ranks 27th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.
LEGANA, 7277 has a capital gain of 8.32% for the past year, which is higher than average compared to its 18.15% growth within a five-year period.
With the median home price in LEGANA sitting at $312,500, and the average rent at $310, property owners could potentially earn a 5.16% increase in gross rental yield.
Property investors have seen a 3.82% gain in LEGANA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that LEGANA, 7277 obtained a 2.32% growth over a ten-year period. It ranks 1121st on our list of suburbs that property investors should look into.