All About Rose Bay, Clarence, TAS, 7015

Rose Bay, located in the picturesque Clarence region of Tasmania, offers a serene residential setting with proximity to both natural beauty and urban convenience. Over recent years, the housing market in Rose Bay has exhibited considerable growth, attracting families, retirees, and professionals seeking a balance between lifestyle and accessibility. The area is characterized by a mix of charming older homes and modern developments, reflecting its evolving community. While property prices have gradually increased due to demand, Rose Bay remains a desirable option compared to more densely populated areas, providing relative affordability and value for money. This growth is bolstered by Rose Bay's scenic views, particularly those overlooking the Derwent River and Mount Wellington, adding to the appeal of the locale.

Living in Rose Bay offers residents a tranquil yet vibrant community experience. With its close proximity to Hobart, just a short drive across the Tasman Bridge, locals enjoy easy access to the cultural and economic opportunities of the city while returning to a more peaceful neighborhood at day's end. The area is well-served by amenities such as schools, parks, and shopping options, making it ideal for families. The natural surroundings encourage an active lifestyle, with ample opportunities for hiking, cycling, and watersports. Overall, Rose Bay presents an inviting atmosphere with its blend of natural beauty, convenient location, and a friendly, community-oriented vibe, making it a sought-after place to call home in Tasmania.

Rose Bay Real Estate Market Outlook

Thinking about buying in Rose Bay? Now could not be a better time, with 666 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $615,000 with prices in this suburb ranging from $22,000 to $1,949,000. Rose Bay is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Rose Bay driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Rose Bay ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Rose Bay classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Rose Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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