Suburb overview
Legana is a regional centre in Tasmania, Australia, with a population of approximately 4,719, making it a boutique locality. Located approximately 169 km from the Hobart CBD, Legana is a regional area in Tasmania. The median household income is $85,436 per year.
Location
Key indicators
Postcode
7277
Postcode for Legana, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
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Population
4,719
Usual resident population at the most recent census.
Median weekly rent
$560/wk
Median weekly rent — as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds (CC BY 4.0).
Distance to CBD
169 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,517/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
91% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why people like living in Legana
- Regional location about 169 km from Hobart.
- Predominantly separate houses (91%) — suburban lifestyle with more land.
- Country-town feel with lower density and slower pace of life.
Who Legana suits
Pros and cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Lower purchase prices and more land for the money.
- Established infrastructure and existing community base.
Cons
- Median mortgage sits above the Tasmania state median — entry costs are stretched.
- Long distance to the CBD (169 km) — plan for commute time or local employment.
Investment insight
Legana's population of 4,719 sits 21% above the Tasmania suburb median of 3,902, giving it a wider tenant and buyer catchment than the average TAS locality. Median household income of $85,436/year runs 16% above the Tasmania suburb median of $73,944, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median rent of $560/week (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds) equates to roughly $2,427/month — about 160% of the $1,517/month median mortgage repayment recorded at the 2021 Census. On those figures rental income covers most or all of the recorded repayment, but repayments on new loans have risen with interest rates since 2021, so re-run the coverage at today's rates before treating this as a cash-flow suburb. Legana is 169 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Investment tip
Regional property can deliver strong cash-flow yields but liquidity is tighter — plan for longer hold periods and verify local employment stability. At the 2021 Census, local rents consumed roughly 21% of household income — a dated but useful sanity check on tenant affordability.
Legana vs Tasmania median
How Legana stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Legana sits above the state median; negative means below.
| Metric | Legana | TAS median | Δ vs state |
|---|---|---|---|
| Population | 4,719 | 3,902 | +21% |
| Median household income | $85,436/yr | $73,944/yr | +16% |
| Median rent (weekly, 2021 Census) | $350 | $320 | +9% |
| Median mortgage (monthly, 2021 Census) | $1,517 | $1,378 | +10% |
| Distance to CBD | 169 km | 24 km | +604% |
| Separate houses | 91% | 80% | +11pp |
Investor checklist
Pre-inspection briefing for Legana — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 4,719 residents — 121% of the TAS suburb median (3,902).
- Purchasing power: median household income $85,436/year (+16% vs Tasmania suburb median of $73,944).
- Cash-flow coverage (2021 Census): $350/week rent (≈ $1,517/month) covered ~100% of the $1,517/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 169 km straight-line from Hobart (state suburb median 24 km).
- Dwelling mix: 91% separate houses — house-dominant market (vs 80% state median).
- Rate stress-test: budget ~$152/month extra for a 1-percentage-point RBA rate rise on top of the $1,517/month median repayment.
- Tenant rent burden: 21% of the median household income is spent on rent — comfortably affordable.
Investment strategy
Moderate buy-and-hold potential: Legana's 4,719-person market and $85,436 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Strong rental coverage at the 2021 Census: $350/week (~$1,517/month) covered 100% of the $1,517/month median mortgage, a shortfall of just $0/month. Both rents and repayments have moved since 2021 — verify current figures, though this suburb has historically leaned cash-flow-friendly.
With 91% houses in a 4,719-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Risk factors
- Interest-rate sensitivity: the $1,517/month median mortgage in Legana means a 1-percentage-point RBA rate rise could add roughly $152/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Liquidity risk: with 4,719 residents, Legana has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Commute distance: at 169 km from the nearest CBD, Legana depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- House-dominant stock: 91% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Legana regardless of local market conditions.
Run the numbers on a Legana property
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Start your journey near Legana →2026 outlook
Capital-growth expectations for Legana are modest for 2026 — incomes 16% above the TAS median of $73,944 and a population of 4,719 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~100% of the typical mortgage ($1,517/month rent vs $1,517/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Legana is cautious heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Tasmania median.
Frequently asked questions
Is Legana a good suburb for investment?
Whether Legana suits you depends on your strategy, but the fundamentals are concrete: a population of 4,719, a median household income of $85,436/year and median weekly rent of $350. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Legana?
The main demand drivers in Legana are an above-state-median household income of $85,436/year, a dwelling mix that is 91% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Legana?
Legana has a usual resident population of approximately 4,719, compared with a Tasmania suburb median of 3,902 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
How far is Legana from the Hobart CBD?
Legana sits 169 km straight-line from the Hobart CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
What is the median rent in Legana?
The median weekly rent in Legana is $560 (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds), equating to approximately $29,120/year in gross rental income. Confirm against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Legana?
The median monthly mortgage repayment in Legana is $1,517, or approximately $18,204/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
Is Legana cash-flow positive for investors?
A median weekly rent of $350 works out to $1,517/month, covering 100% of the median mortgage repayment of $1,517/month. That means rent exceeds the median repayment by roughly $-0/month, so on these numbers Legana leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in Legana?
The main risks are a thin buyer pool (4,719 residents), interest-rate sensitivity on the $1,517 median mortgage, the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this Legana profile
The population figure on this page comes from the ABS 2021 Census. The postcode comes from a community postcode dataset cross-checked against Australia Post. The dwelling mix is from the ABS 2021 Census. The median household income is the ABS 2021 Census median weekly household income, annualised. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage figures are 2021 figures and are labelled as such wherever they appear — they are five years old and have moved substantially since. The current median weekly rent in Key indicators is a genuine recent figure from Department of Justice (Tasmania) rental bonds (May 2025 – Apr 2026), published under a Creative Commons licence and dated on the page. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.