Richmond vs Rose Bay
Property investment comparison - Richmond, TAS 7025 vs Rose Bay, TAS 7015
Head-to-head across core investment metrics: Richmond wins 1, Rose Bay wins 5. 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 | Richmond | Rose Bay |
|---|---|---|
| Median house price | $975K | $960K |
| Median unit price | $510K | - |
| Gross rental yield (houses) | 3.47% | 3.53% |
| Gross rental yield (units) | 8.62% | 4.45% |
| 1-year house growth | +4.4% | +5.6% |
| 3-year house growth | +6.0% | +12.6% |
| Vacancy rate | 1.6% | 0.7% |
| Population | 1,583 | 1,188 |
Richmond vs Rose Bay: what the numbers say
The median house price is $975K in Richmond and $960K in Rose Bay, so Rose Bay is the cheaper entry point, with Richmond houses about 2% dearer.
On cash flow, Rose Bay leads: houses there return a gross rental yield of 3.53%, compared with 3.47% in Richmond, a gap of 0.06 percentage points.
Over the past year house prices moved +4.4% in Richmond and +5.6% in Rose Bay, so recent momentum favours Rose Bay, although both suburbs recorded growth.
Looking back three years, Richmond houses are +6.0% and Rose Bay houses +12.6%, so Rose Bay has compounded faster than Richmond over the longer window.
Rental vacancy is 0.7% in Rose Bay and 1.6% in Richmond, so landlords in Rose Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Richmond is the bigger suburb, with a population of 1,583 against 1,188, larger than Rose Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Rose Bay for rental income, Rose Bay for a lower purchase price, Rose Bay for recent price momentum, Rose Bay 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison