Longford is a residential suburb in Tasmania, sitting within the 7301 postcode. Located approximately 144km from the Hobart CBD, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
Longford has a population of approximately 4,268, a median age of 47, a median weekly household income of $1,352. With 71% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 24.7% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (15.6%), Agriculture, Forestry and Fishing (14.2%), Construction (10.1%).
The current median house price in Longford is $580,000. Average annual growth sits at 8.0% over five years, reflecting steady capital appreciation. In the past 12 months, prices have increased 5.45%.
Properties in Longford spend an average of 22 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.72%. Inventory levels are at 2.25 months, indicating a balanced market. The average vendor discount is -2.1%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Longford is $550. Gross rental yield is 4.93%, providing a solid income return. The vacancy rate of 0.34% signals very strong rental demand. Rents have grown 11.11% over the past 12 months.
The broader local government area is forecast to grow from 14,187 to 14,735 residents by 2031 (3.9% growth).
Explore other suburb profiles in the area: Perth, TAS, Deloraine, TAS, Latrobe, TAS, Port Sorell, TAS, Devonport, TAS.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Longford or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.