Suburb Profile Report for Rocklea QLD (4106)

Rocklea House: Median price $385,000, Annual capital growth 4.17%, Number of sales 47, Weekly median advertised rent $355

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Over the last year, property investments in Rocklea, 4106 have given investors a capital gain of -2.53%. This compares badly with the 2.06% for QLD as a whole.

Over the longer term, Rocklea has seen property prices show investors a 21.74% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Rocklea is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 661th in terms of most discounted suburbs in QLD

Rocklea is 350th on a list of best yielding suburbs for rents in QLD with a 4.79% return

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Rocklea was one of the worst hit areas in the 2011 flooding, and last year the area recorded a massive 22% drop in prices as a good deal of damaged homes came on the market. However, there are signs that the market is finally stabilising.Full summary

Rocklea was one of the worst hit areas in the 2011 flooding, and last year the area recorded a massive 22% drop in prices as a good deal of damaged homes came on the market. However, there are signs that the market is finally stabilising.

“We were all affected,” says Local Ray White real estate agent Diane Sims, “and we’re still getting over it, but now things are finally starting to turn. For it being only 9km from the CBD, it’s priced exceptionally well. It also has transport, trains, buses and it’s close to the university.  But the big draw is that it’s close to the CBD and extremely affordable.”

 Best street(s):  Bale Street: One of several older, more established streets in the southwest part of the suburb.

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HOUSE UNIT
$385,000 N/A
-0.65% N/A
-2.53% N/A
4.17% N/A
$355 N/A
47 N/A
4.79% N/A
65.64 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1255
Median household income ($/weekly) 1052
Median age of persons 36
Median housing loan repayment ($/monthly) 1800
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 117 9.3
    25-34 years 264 21.0
    35-44 years 158 12.6
    45-54 years 165 13.1
    55-64 years 132 10.5
    Others 420 33.4
    Age Group
    Census Count Percent(%)
    Not Married 496 55.0
    Registered Married 304 33.7
    Defacto Relationship 102 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 762 64.2
    Indonesia 26 2.2
    Papua New Guinea 67 5.6
    United Kingdom 52 4.4
    Other 116 9.8
    Others 164 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 3.2
    Christianity 695 61.2
    Hinduism 31 2.7
    Islam 45 4.0
    No Religion 312 27.5
    Others 17 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 59 13.6
    $600-$799 59 13.6
    $1,000-$1,249 53 12.2
    $1,250-$1,499 48 11.1
    $1,500-$1,999 49 11.3
    Others 165 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 399 38.5
    Not in the labour force 378 36.5
    Employed, worked part-time 181 17.5
    Unemployed, looking for work 45 4.3
    Employed, away from work 33 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 122 19.9
    Technicians & trades workers 108 17.6
    Clerical & administrative workers 88 14.4
    Machinery operators & drivers 74 12.1
    Labourers 79 12.9
    Others 142 23.2
    Occupation
    Census Count Percent(%)
    Pre-school 8 3.2
    Infants/Primary 68 27.4
    Secondary 49 19.8
    Technical or Further Educational Institution 39 15.7
    University or other Tertiary Institutions 77 31.0
    Others 7 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 836 76.7
    Semi-detached, row or terrace house, townhouse 168 15.4
    Flat, unit or apartment 73 6.7
    House or flat attached to a shop, office 10 0.9
    Caravan, cabin, houseboat 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 185 40.8
    Being purchased 150 33.1
    Fully owned 112 24.7
    Other tenure type 6 1.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals