2. TAS
  3. Burnie

Houses Units

Here you can find what you need to know about Romaine, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$455K Median Sale Price (National Average $485k) 146th In TAS
-10.57% Median Sale Price Change (1yr) (National Average 4.30%) 724th In TAS

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Romaine, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Romaine, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Romaine, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Romaine


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Romaine, TAS 7320

Part of: Burnie Council No data available

The size of Romaine is approximately 7.5 square kilometres. It has 5 parks covering nearly 20.8% of total area. The population of Romaine in 2011 was 1,739 people. By 2016 the population was 1,729 showing a population decline of 0.6% in the area during that time. The predominant age group in Romaine is 40-49 years. Households in Romaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Romaine work in a trades occupation. In 2011, 77% of the homes in Romaine were owner-occupied compared with 77% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Romaine

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Romaine   for Houses in last 12 months


There have been 15 Houses sold in Romaine in the past 12 months with a median sale price of $455K, down 10.6% annually. It takes on average 33 days to sell with vendor discounting of -3.7%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Romsey VIC, 3434 -0.98% $755,000 $480pw 3.3% View Suburb Profile
Dunsborough WA, 6281 18.82% $1,010,000 $750pw 3.9% View Suburb Profile
Heathridge WA, 6027 29.86% $753,200 $650pw 4.5% View Suburb Profile
Broadbeach QLD, 4218 11.78% $840,000 $728pw 4.5% View Suburb Profile
Somerset TAS, 7322 3.08% $435,000 $400pw 4.8% View Suburb Profile
Penguin TAS, 7316 12.94% $600,000 $415pw 3.6% View Suburb Profile

Currency

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