Located in Tasmania within the Northern Midlands local government area, Longford is a smaller residential area (postcode 7301). The area has roughly 4,268 residents and an older-leaning population, with a median age of 47. Households earn a median income of $63K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Irish.
The median house price in Longford is $553,000, having risen by 3.5% over the past year. Units have a median price of $483,000 (+9.7% YoY). The current median weekly rent is $510. This gives a gross rental yield of approximately 4.8%. 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, Gross rental yield sits at around 4.8% (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. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.