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Longford
AREA REPORTS

Longford

Longford - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7301

house
unit

Property investors have seen a -1.28% drop in LONGFORD based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LONGFORD, 7301 saw average growth in the long term.

The TAS suburb also 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 $385,000

Profits averaged 12.5% per annum over a 3-year period, due to an upward trend in home prices in LONGFORD, 7301.

This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

The gross rental yield in LONGFORD, 7301 is 4.73%.

An average of 7.33 real estate transactions take place per month in LONGFORD which translates to 88 per annum.

Data report can be found below

Longford
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $385,000 $297,500
GROWTH REPORT
Median Quarterly -1.28% -2.46%
Median 12 month 4.83% 0.59%
Median 3 years 37.5% 14.42%
Median 5 years 40% 20.2%
10 years average annual 4.36% 0.96%
Weekly media advert. rent $350 $290
Time on Market 48.1 days 66.2 days
Gross Rental Yield Percent 4.73% 5.07%
demographics (median values)*
Total Population
4304
Weekly Household Income
1018
Household Size
2.30
Age
47
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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