Rose Bay is in the TOP 10% in TAS when comparing median price capital growth over the last year. Rose Bay gave property investors a very good capital gain figure when compared to the rest of the state, with 26.96%.
Across a shorter period, Rose Bay, 7015 has seen a median price increase of 12.31% over the last quarter.
Renters in Suburb are facing rents around $25480 per annum or $490 every week.
Advertised rents are around the $360 mark per week – giving a return of 2.79% based on the median price in Suburb
Situated in the greater Hobart region, Rose Bay is one of the beneficiaries of Hobart’s quick rise through the ranks in Australia’s property market.Full summary
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Suburb with river views follows Hobart’s rising star
Median house price: $520,000
Three-year growth: 18.18%
Rental yield: 4.80%
Situated in the greater Hobart region, Rose Bay is one of the beneficiaries of Hobart’s quick rise through the ranks in Australia’s property market.
House prices have skyrocketed by almost 16% over the past 12 months, bringing the median house value to $520,000. This growth looks set to continue based on the quarterly growth of 5.7% recorded in March 2017. Based on its consistent positive performance and the high rental yield of 4.8%, this is a good market for investors to get into.
However, buyers may need to move quickly as houses spend an average of just 17 days on the market before being snatched up. The average vacancy rate has fallen from 0.88% to an even tighter 0.66% over the previous year, indicating that competition for available homes is hot.Close