Question 1

Is Legana a nice place to live?

Accepted Answer

Legana sits on the banks of the Tamar River in the Tamar Valley north of Launceston and blends recent suburban estates, low-density lifestyle blocks and established gardened streets, so housing ranges from modern family homes to larger rural parcels. It has about 4,719 residents and a median age of 41, and is a suburb of families, with couple families accounting for about 87.1% of family types and most homes owner-occupied (84.0% combined). Residents include families, commuters and people seeking quieter riverside living while still having access to city services.

Day-to-day life centres on a compact village centre with shops and cafés, community facilities, parks and riverfront reserves that encourage walking, cycling and boating, and good road connections that make travel to Launceston straightforward. The area is covered by a new Legana Town Centre and Township Structure Plan from West Tamar Council identifying growth precincts, and recent and planned works include a highway duplication with extra lanes, pedestrian crossings, shared pathways and bike paths, a new primary school, a community sporting oval and a preferred site for a new ambulance station. Whether Legana suits you comes down to what you want in a suburb.

Question 2

Is it expensive to live in Legana?

Accepted Answer

Buying and renting look different in Legana. A median house price of $830,000 is about 9.7 times a typical local household's annual income at the last Census, which puts buying well above what people locally earned then.

Rents are smaller but still significant: a house rent of $600 a week is roughly 36.5% of a typical local household's weekly income at the last Census, and unit rent of $550 a week is about 33.5%, so both take a sizeable share of income. If you're renting rather than buying, those rent shares are the figures that matter and whether they feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Legana a good place to invest?

Accepted Answer

Unit rents in Legana climbed 10.4% over the past year, a strong rise, while unit values declined 3.5%, a moderate fall. On the houses side, values increased 7.6% and rents rose 9.1%, both solid gains. House rents grew a little faster than house values this year, and unit rents rose even as unit values moved lower.

If you are weighing Legana as an investment, the value numbers point to capital growth over the year and the rent numbers to rental income. Which of those matters more to you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$830K	N/A
Change in value Past 12 months	7.6%	-3.5%
Sold Past 3 months	26	5
Median days on market Past 12 months	23	15
Average rent Past 12 months	$600	$550
Change in rent Past 12 months	9.1%	10.4%

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