Suburb Profile Report for Rosetta TAS (7010)

Rosetta House: Median price $440,000, Annual capital growth 4.69%, Number of sales 43, Weekly median advertised rent $435

Rosetta Unit: Median price $278,500, Annual capital growth -2.44%, Number of sales 12, Weekly median advertised rent $335

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Rosetta, 7010 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 6.67%.

When looking at the potential capital gains offered to property investors over the last 3 years, Rosetta comes in at number 84th in TAS.

On average over the past year, suburb has had 3.58 sales per month, which equates to 43 per year.

Rosetta is 78th on a list of best yielding suburbs for rents in TAS with a 5.14% return

With a capital gain of -0.54% for the last 12 months, Rosetta, 7010 has performed for property investments than its average annual -2.44% property growth over the last 5 years.

While Rosetta,7010 ranked number 15th in TAS for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.

In the last year 12 properties changed hands in Rosetta, which puts it as the 57th most active market in TAS when comparing the number of sales per suburb.

Property investors should expect to get $335 weekly from the median priced house in this suburb.

Information supplied by:


July 2017

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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.


 
Metrics i HOUSE UNIT
$440,000 $278,500
0.57% 3.72%
6.67% -0.54%
4.69% -2.44%
$435 $335
43 12
5.14% 6.25%
39.3714285714286 11.4

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Excellent (H), Good (U)
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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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