Property value increases in Rose Bay have tracked just lower than the TAS average of 8.18% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rose Bay has increased when compared to the 5 year average annual rate.
Rose Bay is 97th on a list of best yielding suburbs for rents in TAS with a 4.63% return
Rose Bay is 52th on a list of best yielding suburbs for rents in TAS with a 4.69% return
Situated in the greater Hobart region, Rose Bay is one of the beneficiaries of Hobart’s quick rise through the ranks in Australia’s property market.Full summary
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Suburb with river views follows Hobart’s rising star
Median house price: $520,000
Three-year growth: 18.18%
Rental yield: 4.80%
Situated in the greater Hobart region, Rose Bay is one of the beneficiaries of Hobart’s quick rise through the ranks in Australia’s property market.
House prices have skyrocketed by almost 16% over the past 12 months, bringing the median house value to $520,000. This growth looks set to continue based on the quarterly growth of 5.7% recorded in March 2017. Based on its consistent positive performance and the high rental yield of 4.8%, this is a good market for investors to get into.
However, buyers may need to move quickly as houses spend an average of just 17 days on the market before being snatched up. The average vacancy rate has fallen from 0.88% to an even tighter 0.66% over the previous year, indicating that competition for available homes is hot.Close