Over the last year, property investments in Rose Bay, 7015 have given investors a capital gain of 13.48%. This compares favourably with the 9.15% for TAS as a whole.
Rose Bay,7015 has offered an average of 13.48% return per annum in house price rises to property investors over the last three years.
Situated 3.67km from the CBD, Rose Bay is one of Clarence localities in the postcode 7015.
Rose Bay,7015 was ranked 1631 in Australia by increase in median property value over the quarter.
Property investors should expect to get $335 weekly from the median priced house in this 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