Longford TAS

Postcode 7301 · Northern Midlands LGA

Longford is a smaller suburb in Tasmania within the Northern Midlands local government area (postcode 7301). With a population of 4,268, the suburb has a mature demographic with a median age of 47. Households earn a median income of $63K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.

The median house price in Longford is $553,000, having increased 3.5% over the past year. Units have a median price of $483,000 (+9.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,300.

Longford is served by 1 school, including 1 primary. The average ICSEA score is 921, which is below the national average of 1,000. Public transport access includes 17 bus stops.

From an investment perspective, Longford offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($553K/$750K). The price-to-income ratio of 8.8x is considered moderate. House prices have moved +3.5% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.2% Moderate Yield
Price vs State$553K/$750K Near Median
Affordability8.8x Moderate
Price Momentum+3.5% Stable
INCOME (ATO 2022-23)
Median Income$50,220
Mean Income$57,225
Earners2,861
YoY Change+2.8%
SEIFA INDEX (ABS)
Advantage2/10
Education2/10
Economic2/10
Disadvantage2/10
MEDIAN HOUSE
$553K
3.5% YoY
MEDIAN UNIT
$483K
9.7% YoY
MEDIAN RENT /WK
$265
POPULATION
4,268
DEMOGRAPHICS
Median Age47
Household Size2.3
HH Income /wk$1,212
Personal Income /wk$667
Mortgage /mth$1,300
TRANSPORT
Bus Stops17
SCHOOLS (1)
Avg ICSEA921
Total Students230
Government1
Longford Primary SchoolPrimary · Government · ICSEA 921
Data: 2024