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.
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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.