Question 1

Is Rosetta a nice place to live?

Accepted Answer

Rosetta is a quietly suburban pocket on Hobart’s western shore of the River Derwent, made up of modest single-storey homes and weatherboard cottages alongside later brick houses and some units. It’s described as a practical choice for families, tradespeople and anyone after straightforward living close to the water, with nearby foreshore parks and Montrose Bay for walks and recreation and easy access to Glenorchy’s retail and service centre.

Home to 2,833 people with a median age of 41, Rosetta is largely owner-occupied and weighted towards couple families. Regular bus services and main roads make travel into central Hobart and surrounding suburbs convenient. Local projects include a planned redevelopment of Rosetta Primary School that is in planning, an upgraded Alroy Court Reserve through the council’s playspace program, and council monitoring of a declared landslip area. Whether Rosetta suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Rosetta?

Accepted Answer

On the figures for Rosetta, renting a house at about $600 a week would take roughly 40.7% of a typical local household's weekly income at the last Census, which is a large share of income. Buying looks more stretched: the median house price of $750,000 is about 9.8 times a typical local household's annual income at the last Census, which sits well above what households there earned at that time. Whether those numbers feel expensive depends on your own income and 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 Rosetta a good place to invest?

Accepted Answer

House prices in Rosetta climbed 15.9% over the past 12 months, a strong rise in what houses are worth. Over the same period house rents increased 7.1%, a solid gain, so on the house side capital growth outpaced rental income this year.

Which of those outcomes matters most is down to your goals: rental income is reflected in the rent figure, while capital growth is shown by the value change. Whether that balance makes Rosetta the right investment for you depends on your objectives 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	$750K	N/A
Change in value Past 12 months	15.9%	N/A
Sold Past 3 months	13	1
Median days on market Past 12 months	29	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	7.1%	N/A

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