Legana vs Spalford
Property investment comparison - Legana, TAS 7277 vs Spalford, TAS 7315
Head-to-head across core investment metrics: Legana wins 5, Spalford wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Legana | Spalford |
|---|---|---|
| Median house price | $815K | $835K |
| Median unit price | $560K | $620K |
| Gross rental yield (houses) | 4.30% | 2.72% |
| Gross rental yield (units) | 4.80% | 4.04% |
| 1-year house growth | +11.0% | - |
| 3-year house growth | +17.8% | - |
| Vacancy rate | 1.5% | 7.5% |
| Population | 4,719 | 55 |
Legana vs Spalford: what the numbers say
The median house price is $815K in Legana and $835K in Spalford, so Legana is the cheaper entry point, with Spalford houses about 2% dearer.
For units, Legana sits at a median of $560K against $620K in Spalford, which makes Legana the more affordable unit market and Spalford the pricier one.
On cash flow, Legana leads: houses there return a gross rental yield of 4.30%, compared with 2.72% in Spalford, a gap of 1.58 percentage points.
Rental vacancy is 1.5% in Legana and 7.5% in Spalford, so landlords in Legana face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Legana is the bigger suburb, with a population of 4,719 against 55, roughly 86 times the size of Spalford; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Legana for rental income, Legana for a lower purchase price, Legana for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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