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Rokeby is a suburb with a strong community focus and growing infrastructure, making it an attractive option for families and first-time homeowners. It offers a mix of affordable housing, new developments, and generous plots, set against a backdrop of scenic hills and close to the water. This suburb combines suburban tranquillity with easy access to urban amenities. Explore Rokeby’s offerings with Nest Property.
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Rokeby, located on Hobart’s Eastern Shore, has emerged as a rapidly evolving suburb offering affordability, accessibility, and growing appeal among both homebuyers and investors. Over the past month, the local market saw 19 properties available for rent and 30 properties listed for sale, reflecting steady activity and a healthy mix of rental and ownership opportunities.
Over the last 12 months, median property prices in Rokeby have continued to offer value, especially for those looking to buy close to the city without the inner-suburb price tag. Houses in the area are selling at a median price of around $615,000, while units are not far behind at approximately $590,000. These figures highlight rising demand and the suburb’s gradual transition from a historically overlooked area to one with growing infrastructure and appeal.
For property investors, Rokeby presents strong rental yields, particularly for houses. Houses currently rent for about $550 per week, delivering an impressive gross yield of 5.6% per annum, which is well above the metro average. Units also perform solidly, with weekly rents around $530, generating a gross yield of 4.8%. These rental figures indicate strong tenant demand and continued interest from renters seeking more affordable options near Hobart.
When it comes to capital growth, Rokeby’s performance has been mixed. Houses have achieved a compound annual growth rate (CAGR) of 2.5%, reflecting gradual appreciation as the suburb benefits from new developments and increased interest. Units, however, have seen a decline, with a CAGR of -3.7%, which may suggest market readjustment or limited supply in that segment. Nonetheless, these conditions could present a buying opportunity for long-term investors targeting entry-level properties in a gentrifying area.
Overall, Rokeby is a suburb on the rise—offering a compelling mix of strong rental returns, relatively affordable prices, and future growth potential. With continued infrastructure investment, improved amenities, and its location just 15 minutes from Hobart’s CBD, Rokeby is becoming an increasingly attractive choice for both homeowners and investors looking for value and upside in the southern Tasmanian market.
View median property prices* in Rokeby to get a better understanding of local market trends.
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*Data based on sales within the 12 months to July 2025.
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