Suburb Profile Report for Rose Bay TAS (7015)

Rose Bay House: Median price $511,000, Annual capital growth 4.39%, Number of sales 13, Weekly median advertised rent $455

Rose Bay Unit: Median price $363,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $328

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

Information supplied by:


June 2017

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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

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
Metrics i HOUSE UNIT
$511,000 $363,500
6.35% 7.39%
3.65% N/A
4.39% N/A
$455 $328
13 12
4.63% 4.69%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1075
Median household income ($/weekly) 1297
Median age of persons 48
Median housing loan repayment ($/monthly) 1755
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 112 10.4
    35-44 years 137 12.7
    45-54 years 156 14.5
    55-64 years 183 17.0
    65-74 years 135 12.5
    Others 353 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 425 51.0
    Not Married 315 37.8
    Defacto Relationship 93 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 933 89.6
    Italy 7 0.7
    Papua New Guinea 9 0.9
    United Kingdom 53 5.1
    Other 8 0.8
    Others 31 3.0
    Country of Birth
    Census Count Percent(%)
    Christianity 687 68.9
    No Religion 298 29.9
    Islam 6 0.6
    Buddhism 3 0.3
    Other Religious Groups 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 43 10.6
    $1,000-$1,249 39 9.6
    $1,250-$1,499 39 9.6
    $1,500-$1,999 47 11.6
    $2,000-$2,499 48 11.9
    Others 189 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 370 41.2
    Employed, worked full-time 305 34.0
    Employed, worked part-time 164 18.3
    Employed, away from work 41 4.6
    Unemployed, looking for work 18 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 87 17.0
    Professionals 150 29.4
    Technicians & trades workers 52 10.2
    Clerical & administrative workers 72 14.1
    Sales 58 11.4
    Others 92 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 6 2.8
    Infants/Primary 70 32.1
    Secondary 70 32.1
    Technical or Further Educational Institution 17 7.8
    University or other Tertiary Institutions 52 23.9
    Others 3 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 913 91.6
    Flat, unit or apartment 43 4.3
    Semi-detached, row or terrace house, townhouse 41 4.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 214 48.4
    Being purchased 127 28.7
    Rented 101 22.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals