Property investors enjoyed capital gains of 14.86% over the last 12 months in ROSE BAY, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 5.88% growth over a ten-year period. It ranks 1297th on our list of suburbs that property investors should look into.
ROSE BAY, 7015 has a capital gain of 14.86% for the past year, which is higher than average compared to its 55.96% growth within a five-year period.
With the median home price in ROSE BAY sitting at $595,000, and the average rent at $455, property owners could potentially earn a 3.98% increase in gross rental yield.
A 14.86% increase in median property prices in ROSE BAY, 7015 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 62nd.
Figures from the previous quarter show that capital gains for real estate buyers in ROSE BAY are low, as opposed to average gains per annum over the past five years.
ROSE BAY, 7015 in TAS belongs to the local government area of Clarence.