Deloraine vs Romaine
Property investment comparison - Deloraine, TAS 7304 vs Romaine, TAS 7320
Head-to-head across core investment metrics: Deloraine wins 2, Romaine wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Deloraine | Romaine |
|---|---|---|
| Median house price | $590K | $585K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.30% | - |
| Gross rental yield (units) | 4.80% | - |
| 1-year house growth | +7.2% | +6.7% |
| 3-year house growth | +22.1% | +28.5% |
| Vacancy rate | 0.8% | 1.8% |
| Population | 3,035 | 1,850 |
Deloraine vs Romaine: what the numbers say
The median house price is $590K in Deloraine and $585K in Romaine, so Romaine is the cheaper entry point, with Deloraine houses about 1% dearer.
Over the past year house prices moved +7.2% in Deloraine and +6.7% in Romaine, so recent momentum favours Deloraine, although both suburbs recorded growth.
Looking back three years, Deloraine houses are +22.1% and Romaine houses +28.5%, so Romaine has compounded faster than Deloraine over the longer window.
Rental vacancy is 0.8% in Deloraine and 1.8% in Romaine, so landlords in Deloraine face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Deloraine is the bigger suburb, with a population of 3,035 against 1,850, larger than Romaine; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Romaine for a lower purchase price, Deloraine for recent price momentum, Deloraine for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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