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Rocherlea

POSTAL CODE: TAS, 7248
HOUSE

Property investors enjoyed capital gains of 2.99% over the last 12 months in ROCHERLEA, translating to lower returns compared with its peers in TAS.

Figures from the previous quarter show that capital gains for real estate buyers in ROCHERLEA are high, as opposed to average gains per annum over the past five years.

The suburb posted a 0.73% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

On average, rents on listings have reached the $400 mark, reflecting a 6.03% increase in returns based on the current median price in ROCHERLEA.

ROCHERLEA, 7248 ranks 105th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 3rd on the list of best yielding suburbs for rental properties in TAS, posting a 6.03% return.

Surburb overview

Rocherlea is a suburb located approximately 8 kilometres north of the central business district (CBD) of Launceston, Tasmania. Known for its residential charm and close-knit community, Rocherlea offers a suburban lifestyle with the convenience of being near the amenities of a major city.

The population of Rocherlea is around 1,100 residents, according to the latest census data. The suburb has a diverse demographic mix, including families, young professionals, and retirees. This variety contributes to a vibrant and inclusive community atmosphere, where residents enjoy a balanced lifestyle with access to both urban and suburban benefits.

Rocherlea falls under the jurisdiction of the City of Launceston local government area. Public transportation is well-developed, with regular bus services connecting the suburb to Launceston's CBD and other nearby areas. This accessibility is beneficial for those who commute to the city for work or leisure.

In terms of nearby establishments, Rocherlea is well-served by various amenities. The suburb is home to Rocherlea Primary School, which caters to the local community's educational needs. For secondary education, students typically attend schools in Launceston, such as Launceston College or Riverside High School. For shopping and everyday essentials, residents often visit the nearby Mowbray shopping precinct, which offers a range of retail stores, supermarkets, and dining options.

Rocherlea is known for its parks and recreational facilities, providing residents with ample opportunities for outdoor activities. The Rocherlea Recreation Ground is a central hub for community sports and events, featuring facilities for football, cricket, and other activities. Additionally, the suburb's proximity to the Tamar River and various nature reserves offers further opportunities for hiking, picnicking, and enjoying the natural environment.

The community spirit in Rocherlea is strong, with various local events and activities organised throughout the year. These events help foster a sense of belonging and provide residents with opportunities to engage and socialise. The suburb's active local groups and community organisations contribute to a supportive and friendly environment.

Rocherlea's combination of suburban tranquillity and proximity to Launceston makes it an attractive location for a wide range of residents. Its accessibility, coupled with the availability of quality schools, shopping centres, and recreational facilities, enhances its appeal as a prime residential suburb. The suburb's vibrant community spirit and natural beauty further contribute to its charm and desirability.

 

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