Property value increases in Rosetta have tracked close to the TAS average of 9.40% over the last 12 months.
Taking the average capital gain, or increase in median house value, Rosetta,7010 has racked up an average of 9.56% over the period. This ranks it number 2158th in the whole country for real estate investors looking at median house price increases.
At number 136th of TAS’s most discounted properties, Rosetta is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 48 properties changed hands in Rosetta, which puts it as the 67th most active market in TAS when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 5.17%, without taking into account capital value appreciation, which has been averaging out at 3.94%.
Rosetta has had a quite poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.46% to date .
Across a shorter period, Rosetta, 7010 has seen a median price increase of -4.51% over the last quarter.
Property investors looking for a bargain in Rosetta should be aiming for at least -3.25% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
The suburb has been attracting significant interest from buyers for its proximity to a thriving city, affordability and very high returns.Full summary
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One of Hobart’s northern suburbs, Rosetta has been attracting significant interest from buyers for its proximity to a thriving city, affordability and very high returns.
The housing market in particular enjoyed a near 17% price increase. Even then, the median value is under $380,000, coupled with the high average returns of 5.3%, Rosetta houses could be an investor’s dream especially with Hobart soaring in the national property market.
The drawing card for residents lies in Rosetta being just a 15-minute drive (or a 40-minute bus ride) from Hobart. The east side of the suburb is bordered by the Brooker Highway. Moreover, Rosetta is home to a primary school and a high school.