Legana is a smaller residential area in Tasmania within the West Tamar local government area (postcode 7277). With a population of 4,719, the suburb has an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Legana is $740,000, having jumped by 10.4% over the past year. Units have a median price of $503,000 (-3.5% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 4.4%. 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, Gross rental yield sits at around 4.4% (moderate 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. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.