Suburb Profile Report for Romaine TAS (7320)

Romaine House: Median price $305,000, Annual capital growth 1.08%, Number of sales 34, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

TAS has seen average median house prices change by 9.78% which means that Romaine, 7320 has done well for property investors by showing a capital gain of -3.17% over the last year

A 9.91% growth in median value for property investors in Romaine,7320 puts this suburb at number 168th in terms of best performing suburbs in TAS

Sellers are offering property buyers an average discount of -4.77% to buyers in Romaine at the moment, which is less than average for the rest of TAS.

At number 945 in a list of fastest selling suburbs, Romaine is in the TOP 30% of suburbs in Australia with an average of days on market 60.6316 for properties listed there.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$305,000 N/A
-1.61% N/A
-3.17% N/A
1.08% N/A
$315 N/A
34 N/A
5.37% N/A
60.6315789473684 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 1739
Median household income ($/weekly) 1129
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 267 15.4
    25-34 years 200 11.5
    35-44 years 254 14.6
    45-54 years 249 14.3
    55-64 years 207 11.9
    Others 562 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 707 57.0
    Not Married 437 35.2
    Defacto Relationship 96 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1540 92.2
    Indonesia 8 0.5
    Papua New Guinea 16 1.0
    United Kingdom 54 3.2
    Other 27 1.6
    Others 26 1.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 3 0.2
    Christianity 1073 68.5
    Hinduism 9 0.6
    Judaism 4 0.3
    No Religion 475 30.3
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 81 13.6
    $600-$799 55 9.2
    $1,000-$1,249 62 10.4
    $1,250-$1,499 58 9.7
    $1,500-$1,999 102 17.1
    Others 237 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 493 37.5
    Not in the labour force 450 34.2
    Employed, worked part-time 271 20.6
    Unemployed, looking for work 55 4.2
    Employed, away from work 45 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 110 13.6
    Technicians & trades workers 151 18.7
    Community & personal service workers 88 10.9
    Clerical & administrative workers 128 15.9
    Sales 112 13.9
    Others 217 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 14 3.2
    Infants/Primary 170 39.4
    Secondary 146 33.8
    Technical or Further Educational Institution 49 11.3
    University or other Tertiary Institutions 39 9.0
    Others 14 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1587 97.3
    Semi-detached, row or terrace house, townhouse 35 2.1
    Flat, unit or apartment 5 0.3
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 260 40.2
    Being purchased 244 37.7
    Rented 136 21.0
    Other tenure type 7 1.1
    Tenure Type
Census 2011, ABS
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