Romaine is a small community in Tasmania within the Burnie local government area (postcode 7320). With a population of 1,850, the suburb has an established demographic with a median age of 40. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Romaine is $433,000, having grown strongly 9.5% over the past year. Units have a median price of $293,000 (-22.2% YoY). The median weekly rent is $280 (Census 2021). This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,300.
Romaine is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 879, which is well below the national average of 1,000. Public transport access includes 15 bus stops.
From an investment perspective, Romaine offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($433K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +9.5% year-on-year.
Romaine is a small community in Tasmania within the Burnie local government area (postcode 7320). With a population of 1,850, the suburb has an established demographic with a median age of 40. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Romaine is $433,000, having grown strongly 9.5% over the past year. Units have a median price of $293,000 (-22.2% YoY). The median weekly rent is $280 (Census 2021). This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,300.
Romaine is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 879, which is well below the national average of 1,000. Public transport access includes 15 bus stops.
From an investment perspective, Romaine offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($433K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +9.5% year-on-year.