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Rocherlea, TAS 7248

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 Rocherlea, TAS 7248 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 “Rocherlea, TAS 7248”

  1. The total adult population (15 years or older) of Rocherlea 7248 TAS is 785, with a median age of 32. Of those, 22.68% are married, 17.32% are divorced or separated, 54.52% are single and 4.46% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $3,904. The median monthly mortgage repayment for households in this suburb is $867 which is 22.21% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Rocherlea, zip code 7248, is based in Tasmania and hosts approximately 630 households. As we head into the third quarter of 2023, typical property prices in Rocherlea hovers around $352,793. Meanwhile, the median weekly rent is pegged at $308, resulting in an attractive indicative yield of 4.54%, which surpasses the standard 3% sought by cashflow-focused property investors.

    The suburb is pegged with an IRSAD score of 643 out of 1217, meaning that although it falls to the lower side, this score still earmarks the area as having a decent socio-economic status. However, the renter to owner ratio landing at a lofty 69% puts into question the overall appeal of the neighbourhood, as areas flooded with rental properties are more subject to risk and intense competition among real estate investors.

    It’s noteworthy that the units to houses ratio sits at 0%, indicating that Rocherlea primarily features houses as opposed to apartments,

    Turning to the affordability index, we delve into a potential concern. Requiring an estimated 35 years for a household to fully own a property, this number surpasses the standard 30-year mortgage. This might hint towards decreased affordability for potential home-owners.

    From a supply perspective, the suburb’s stock on market Percentage is registered at 0.48%, which is within the neutral range. The inventory standing at 4.5 months matches this neutral score, indicating a typical supply condition. However, a building approvals Ratio at 5.08% hints at a potential oversupply of new dwellings in the future.

    In terms of demand, the suburb faces challenges with an average days on market score sitting at 131, signalling a slower than average market movement. Nonetheless, the extremely low vacancy rate of 0.23% and a buy search index for houses at 2 index points both illustrate a picture of high demand within Rocherlea.

    To conclude, despite some challenging figures, one must retain a holistic view when it comes to property investment. Not all metrics need to hit favourable ranges for a suburb to hold investment merit. At the end of the day, understanding the trends and market dynamics is vital, as suggested by the dashboard accompanying this commentary. Stay tuned for RCS, the Relative Composite Score by HtAG Analytics, which takes more than 80 metrics into account to generate automated and comprehensive research about the property market.

    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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