Property investors who have had real estate in Rose Bay, 7015 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 27.20%
Over the longer term, Rose Bay has seen property prices show investors a 46.89% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Rose Bay is giving property investors an average Vendor Discount of around -1.89%. This puts suburb at number 150th in TAS when ranking the most discounted suburbs.
Rose Bay is 111th on a list of best yielding suburbs for rents in TAS with a 3.98% return
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