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Romaine

POSTAL CODE: TAS, 7320
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Based on its average 5-year and quarterly capital gains ROMAINE, 7320 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that ROMAINE, 7320 obtained a 7.78% growth over a ten-year period. It ranks 1387th on our list of suburbs that property investors should look into.

ROMAINE, 7320 in TAS belongs to the local government area of Burnie.

ROMAINE, 7320 has a capital gain of 17.23% for the past year, which is higher than average compared to its 70.32% growth within a five-year period.

With the median home price in ROMAINE sitting at $551,000, and the average rent at $485, property owners could potentially earn a 4.58% increase in gross rental yield.

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

Surburb overview

Romaine, with the postcode 7320, is a picturesque suburb located approximately 5 kilometres south of Burnie’s central business district in Tasmania. Known for its lush green landscapes, family-friendly environment, and convenient access to urban amenities, Romaine offers a comfortable and tranquil lifestyle for its residents. The population of Romaine is around 2,000 residents, comprising a mix of families, professionals, and retirees who appreciate the suburb’s serene setting and strong community spirit.

Romaine falls under the jurisdiction of the City of Burnie, which ensures well-maintained infrastructure and community services. Public transportation is available, with Metro Tasmania buses providing regular services to Burnie’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via major routes such as the Bass Highway.

Educational facilities in Romaine include Romaine Park Primary School, catering to the educational needs of young children in the community. For secondary education, students typically attend nearby schools such as Burnie High School and Hellyer College. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. For higher education, residents have access to the TasTAFE Burnie campus and the Cradle Coast campus of the University of Tasmania.

For shopping and essential services, Romaine residents often visit the nearby Burnie CBD, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Upper Burnie Shopping Centre provides additional convenience with local shops and essential services, ensuring residents have easy access to everyday needs.

Romaine is rich in recreational activities, with numerous parks, reserves, and green spaces enhancing the suburb’s appeal. The Romaine Reserve is a popular local spot featuring walking trails, picnic areas, and playgrounds, making it ideal for family outings and outdoor activities. The nearby Emu Valley Rhododendron Garden offers further opportunities for enjoying the natural beauty of the area, with its extensive collection of rhododendrons and other plants.

Residents of Romaine benefit from its proximity to Burnie, allowing easy access to the city’s cultural and recreational attractions, including the Burnie Regional Art Gallery, the Burnie Arts and Function Centre, and the Makers’ Workshop. These venues offer a range of cultural experiences, from art exhibitions to live performances and community events, contributing to the vibrant community life.

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