Question 1

Is Romaine a nice place to live?

Accepted Answer

Romaine is a primarily residential suburb of Burnie on Tasmania’s north-west coast, with level streets and modest, mostly single-storey homes alongside pockets of newer low-rise units. It has a practical, lived-in character, with local convenience shops and community services along the main road, neighbourhood parks and playing fields, and two local schools, Parklands High School and Romaine Park Primary School. Road links make Burnie’s foreshore, other schools and employment areas readily accessible.

About 1,850 people live in Romaine, with a median age of 40 and a typical household income of $1,449 a week (roughly $75,350 a year). Families are largely couple households, together making up about four in five families (84.0%), and owner-occupiers account for about three in four homes (76.3%) while renters are 23.6%. That mix tends to suit people after straightforward family housing and easy access to the amenities of a regional coastal town. There are no significant new public-infrastructure or civic-amenity projects in Romaine at this time.

Question 2

Is it expensive to live in Romaine?

Accepted Answer

Renting a house in Romaine runs to about $480 a week. Against a typical local household income of $1,449 a week as recorded at the most recent Census, that rent would take roughly one third of income, about 33.2%, which is a sizeable share for a typical local household. If you're renting rather than buying, that rent share is the figure that matters and whether it feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Romaine a good place to invest?

Accepted Answer

House values in Romaine climbed a solid 9.2% over the past 12 months, while house rents rose a solid 6.7% over the same period. That means capital growth for houses outpaced rental income this year; which of those matters most will depend on your individual goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	9.2%	N/A
Sold Past 3 months	6	N/A
Median days on market Past 12 months	28	N/A
Average rent Past 12 months	$480	N/A
Change in rent Past 12 months	6.7%	N/A

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