Rocherlea, 7248 ranked 140th in TAS when comparing growth in median property values or capital gain over the last 12 months. Rocherlea is one of 606 in our list for TAS
While Rocherlea,7248 ranked number 166th in TAS for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.
Sellers are offering property buyers an average discount of -5.37% to buyers in Rocherlea at the moment, which is less than average for the rest of TAS.
Residents and property investors in Rocherlea have been waiting around 38.5 days to sell a property.
Advertised rents are around the $250 mark per week – giving a return of 8.47% based on the median price in Suburb
A 10-minute drive up from Launceston brings you to the suburb of Rocherlea. It is bordered by the suburbs of Mayfield and Newnham, and is only a few minutes from the University of Tasmania’s Inveresk campus by carFull summary
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Strong yield and affordable homes
Median house price: $155,000
Three-year growth: 5.1%
Rental yield: 7.5%
A 10-minute drive up from Launceston brings you to the suburb of Rocherlea. It is bordered by the suburbs of Mayfield and Newnham, and is only a few minutes from the University of Tasmania’s Inveresk campus by car.
Other nearby educational institutions include the Australian Maritime College and the TasTAFE campus in Newnham – thus, Rocherlea can be a great option for students and working professionals.
Rocherlea has been experiencing consistent growth in recent years, with growth reaching nearly 30% in the five-year period from November 2013-2018. Nonetheless, the median price for houses remains very low at just a little over $150,000. The market also offers remarkable rental returns of 7.5% on average – providing both growth potential and cash flow. The average rent is affordable at $225 per week – favourable for tenants on a budget.Close