Suburb Profile Report for Rosetta TAS (7010)

Rosetta House: Median price $372,500, Annual capital growth 3.94%, Number of sales 48, Weekly median advertised rent $370

Rosetta Unit: Median price $243,500, Annual capital growth 4.66%, Number of sales 14, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

Information supplied by:


July 2017

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The suburb has been attracting significant interest from buyers for its proximity to a thriving city, affordability and very high returns.Full summary

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.


 Close
Metrics i HOUSE UNIT
$372,500 $243,500
0.00% -4.51%
9.56% 1.46%
3.94% 4.66%
$370 $300
48 14
5.17% 6.41%
40.04 72.36

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Rosetta TAS
Demographics
Total population 2567
Median household income ($/weekly) 1050
Median age of persons 45
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 267 10.4
    25-34 years 261 10.2
    35-44 years 271 10.6
    45-54 years 400 15.6
    55-64 years 359 14.0
    Others 1009 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 939 48.5
    Not Married 805 41.6
    Defacto Relationship 192 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2216 89.5
    Papua New Guinea 15 0.6
    Philippines 13 0.5
    United Kingdom 87 3.5
    Other 40 1.6
    Others 105 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.4
    Christianity 1750 75.9
    Hinduism 10 0.4
    Islam 3 0.1
    No Religion 531 23.0
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 119 13.1
    $600-$799 109 12.0
    $800-$999 88 9.7
    $1,500-$1,999 103 11.3
    $2,000-$2,499 111 12.2
    Others 379 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 854 40.4
    Employed, worked full-time 713 33.7
    Employed, worked part-time 421 19.9
    Employed, away from work 68 3.2
    Unemployed, looking for work 59 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 159 13.3
    Technicians & trades workers 168 14.0
    Community & personal service workers 165 13.8
    Clerical & administrative workers 229 19.1
    Sales 149 12.4
    Others 330 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 19 3.9
    Infants/Primary 160 32.9
    Secondary 142 29.2
    Technical or Further Educational Institution 72 14.8
    University or other Tertiary Institutions 83 17.1
    Others 10 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2174 92.1
    Semi-detached, row or terrace house, townhouse 94 4.0
    Flat, unit or apartment 92 3.9
    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 414 42.5
    Being purchased 330 33.8
    Rented 227 23.3
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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