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Legana vs Howrah — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $800kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Legana

    TAS · 7277
    42Below trend
    Median
    $645k
    5y growth
    5.8%/yr
    BalancedStable entry point

  2. Howrah

    TAS · 7018
    45Average
    Median
    $795k
    5y growth
    6.6%/yr
    BalancedStable but fully priced

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Legana
Howrah
Capital growth (5y)
weight 22%
585.8%/yr
666.6%/yr
Rental yield
weight 13%
562.8%
522.6%
Rental demand
weight 10%
551.8%
681.3%
Population growth
weight 12%
313.1%
313.1%
Income growth
weight 12%
5213.0%
5614.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
1919% under cap
11% under cap
Supply tightening
weight 8%
60-2.0% YoY
75-5.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Legana

    2/8
    • Rental yield
    • Affordability

  2. Howrah

    4/8
    • Capital growth (5y)
    • Rental demand
    • Income growth
    • Supply tightening

Why Legana

Stable entry point

5.8%/yr capital growth, 2.8% gross yield.

Drivers
  • Supply tightening-2.0% YoY
Risks
  • No major construction project in this state

Construction ·UTAS Launceston Inveresk Campus9.1 kmRecently completed · 2024

Why Howrah

Stable but fully priced

listings tightening 5.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Capital growth6.6%/yr
Risks
  • At top of budget (99% of cap)
  • No major construction project in this state

Construction ·Macquarie Point Stadium5.2 kmPlanned · 2029