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Rokeby, TAS 7019

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Rokeby, TAS 7019 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Rokeby, TAS 7019”

  1. The total adult population (15 years or older) of Rokeby 7019 TAS is 3,344, with a median age of 32. Of those, 33.91% are married, 14.20% are divorced or separated, 47.58% are single and 4.34% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,052. The median monthly mortgage repayment for households in this suburb is $1,300 which is 21.48% of their earnings.

    Source: ABS Census Data (2021)

  2. As we profile the suburb of Rokeby, located in Tasmania (TAS), we see a vibrant residential area estimated to have around 2,407 households. As we move into Q3 of 2023, the housing market in Rokeby presents attractive prospects with typical house prices sitting at $618,116. The median weekly rent for these homes stands at $497, yielding an attractive indicative return of 4.18%, comfortably above the 3% threshold sought by cashflow-minded property investors.

    Examining the socio-economic context of Rokeby, it scores 880 out of 1,217 on the IRSAD score, signifying a fairly balanced economic status. The renter to owner ratio is a favourable 18%, well below the 30% threshold, hinting at a good balance between owner-occupiers and renters, which typically contributes to better long-term returns and a healthy community ‘vibe’.

    Looking closer at the Rokeby housing mix, the units to houses ratio sits at 12%. Spending most of its life in the ‘green’ territory, it reflects a market dominated by houses over units, typically leading to less competition among landlords and a probable attraction for families seeking longer tenancy periods. However, the Affordability Index paints a slightly different picture with the time required to own a house here sitting at 40 years, indicating a lower level of affordability.

    On the supply side, the stock on market Percentage rests at a favourable 0.32%, showing a tight market with low supply. This is further supported by an extremely low inventory level of 1.11 months, underlining the high absorption capability of the Rokeby property market. However, with the building approvals Ratio for houses at 6.88%, there might be an increase in supply of new housing stock in the foreseeable future.

    On the demand front, houses in Rokeby experience a brisk trade with an average of 31 days on market – indicative of high demand. However, the suburb faces a rather high vacancy rate (across both houses and units) at 5.42%, suggesting there might be a slight tilt towards an oversupplied market. The suburb registers a buy search index of 3, which is borderline neutral, indicating average levels of buyer interest compared to state averages.

    Putting together these insights, Rokeby holds potential for property investors seeking strong yields. However, key metrics must be carefully monitored for shifts in supply, demand and socio-economic profiles. Don’t forget that trends are just as significant as the values themselves. Seeing the bigger picture accurately is key in property investing and the RCS (Relative Composite Score) metric by HtAG Analytics can be a potent tool in making that happen, amalgamating over 80 metrics to provide key insights. The Rokeby property market certainly demands a close watch!

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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