Legana TAS

Postcode 7277 · West Tamar LGA

Legana is a smaller suburb in Tasmania within the West Tamar local government area (postcode 7277). With a population of 4,719, the suburb has an established demographic with a median age of 41. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.

The median house price in Legana is $740,000, having surged 10.4% over the past year. Units have a median price of $503,000 (-3.5% YoY). The median weekly rent is $350 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,517.

Legana is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops.

From an investment perspective, Legana offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($740K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +10.4% year-on-year.

INVESTMENT SIGNALS
Rental Yield2.5% Low Yield
Price vs State$740K/$750K Near Median
Affordability8.7x Moderate
Price Momentum+10.4% Rising
INCOME (ATO 2022-23)
Median Income$55,822
Mean Income$63,979
Earners3,290
YoY Change+2.4%
SEIFA INDEX (ABS)
Advantage7/10
Education5/10
Economic6/10
Disadvantage6/10
MEDIAN HOUSE
$740K
10.4% YoY
MEDIAN UNIT
$503K
-3.5% YoY
MEDIAN RENT /WK
$350
POPULATION
4,719
DEMOGRAPHICS
Median Age41
Household Size2.6
HH Income /wk$1,643
Personal Income /wk$773
Mortgage /mth$1,517
TRANSPORT
Rail Stations1
Bus Stops26
Legana Fire Station, Freshwater Point Rd
SCHOOLS (1)
Avg ICSEA1002
Total Students144
Government1
Legana Primary SchoolPrimary · Government · ICSEA 1002
Data: 2024