Longford Short-Term Rental (Airbnb) Market
Longford TAS Investment Analysis
HOLD
— 4.9% gross yield on a $555,000 median.
THE MARKET
Median house price in Longford sits at $555,000 with 21 days on market and a 2.8% vacancy rate. This is a balanced market right now.
- **Median house:** $555,000 | **Units:** $162,531 - **Gross yield:** 4.9% | **Net yield:** 3.4% - **5yr price CAGR:** -1.5%/yr | **3yr forecast:** -1.7%/yr - **Population:** 2,996 | **Owner-occupier rate:** 32% | **Affluence:** Below Average
- **Supply pipeline:** Moderate — Strong population growth likely attracting new development approvals
RENTAL SNAPSHOT
- **Vacancy:** 2.8% (worsening) | **Rental demand:** Moderate - **Median weekly rent:** $520/wk | **Days on market:** 21 (improving) - Balanced market — vacancy manageable but monitor trend.
SHORT-TERM RENTAL
- **Median nightly rate:** $175/night | **Occupancy:** 65% - **Estimated annual STR gross:** ~$41,519/yr - **vs long-term rent:** $27,040/yr (+54% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location
BULL CASE
If Longford maintains 3%+ annual growth and vacancy stays below 2.0%, median prices could reach $638,250 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Longford pull back 10-15% from $555,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Negative price growth suggests a softening market
COMPARABLE MARKETS
- **Austin Ferry** (TAS): $638,011 median, 4.3% yield, 8.7% 1yr growth - **Bridgewater** (TAS): $448,000 median, 5.4% yield, 6.5% 1yr growth - **Brighton** (TAS): $608,000 median, 4.6% yield, 5.7% 1yr growth
THE PLAY
Longford offers balanced fundamentals but does not present an urgent buying signal. The market is in a correction phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 5.4%.
- Entry range: $499,500 – $610,500 - Minimum gross yield to target: 5.2% - Watch signal: vacancy dropping below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.