Suburb Profile Report for Romaine TAS (7320)

Romaine House: Median price $275,000, Annual capital growth 0.59%, Number of sales 37, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report

Investment property in Romaine has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.79%

If we look at median property appreciation over just the last three months, Romaine has given property investors a paper return of 4.36%. This puts Suburb as 51 on a list of fastest fasting appreciating suburbs in TAS

Property investors looking for a bargain in Romaine should be aiming for at least -6.55% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Romaine have been waiting around 73.79 days to sell a property.

Romaine is 65th on a list of best yielding suburbs for rents in TAS with a 5.48% return

Metrics i HOUSE UNIT
$275,000 N/A
4.36% N/A
-1.79% N/A
0.59% N/A
$290 N/A
37 N/A
5.48% N/A
73.79 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1739
Median household income ($/weekly) 1129
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 267 15.4
    25-34 years 200 11.5
    35-44 years 254 14.6
    45-54 years 249 14.3
    55-64 years 207 11.9
    Others 562 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 707 57.0
    Not Married 437 35.2
    Defacto Relationship 96 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1540 92.2
    Indonesia 8 0.5
    Papua New Guinea 16 1.0
    United Kingdom 54 3.2
    Other 27 1.6
    Others 26 1.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 3 0.2
    Christianity 1073 68.5
    Hinduism 9 0.6
    Judaism 4 0.3
    No Religion 475 30.3
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 81 13.6
    $600-$799 55 9.2
    $1,000-$1,249 62 10.4
    $1,250-$1,499 58 9.7
    $1,500-$1,999 102 17.1
    Others 237 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 493 37.5
    Not in the labour force 450 34.2
    Employed, worked part-time 271 20.6
    Unemployed, looking for work 55 4.2
    Employed, away from work 45 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 110 13.6
    Technicians & trades workers 151 18.7
    Community & personal service workers 88 10.9
    Clerical & administrative workers 128 15.9
    Sales 112 13.9
    Others 217 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 14 3.2
    Infants/Primary 170 39.4
    Secondary 146 33.8
    Technical or Further Educational Institution 49 11.3
    University or other Tertiary Institutions 39 9.0
    Others 14 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1587 97.3
    Semi-detached, row or terrace house, townhouse 35 2.1
    Flat, unit or apartment 5 0.3
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 260 40.2
    Being purchased 244 37.7
    Rented 136 21.0
    Other tenure type 7 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals