Suburb Profile Report for Rosanna VIC (3084)

Rosanna House: Median price $980,000, Annual capital growth 8.77%, Number of sales 100, Weekly median advertised rent $435

Rosanna Unit: Median price $639,500, Annual capital growth 7.24%, Number of sales 48, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Rosanna is an average performer in VIC when comparing median price capital growth over the last year. Rosanna gave property investors a average capital gain figure when compared to the rest of the state, with 9.01%.

The five-year average increase in median property values for Rosanna,3084 has given property investors a potential capital gain of 42.81% across each of those five years.

Property buyers and investors in Rosanna 3084 should be seeing an average reduction in asking price of around -3.41% . This means that Rosanna is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Rosanna the average time real estate has been on the market is 61.62 days.

The VIC suburb of Rosanna, 3084 is in the Banyule local government area.

Rosanna is an average performer in VIC when comparing median price capital growth over the last year. Rosanna gave property investors a average capital gain figure when compared to the rest of the state, with 4.41%.

Across a shorter period, Rosanna, 3084 has seen a median price increase of 1.03% over the last quarter.

Sellers are offering property buyers an average discount of -5.06% to buyers in Rosanna at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
October 2015

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If you can afford it, this Melbourne suburb has a huge amount to offer.Full summary
If you can afford it, this Melbourne suburb has a huge amount to offer.

It’s located 12km northeast of the Melbourne CBD, but there are a range of great amenities in the suburb itself.

These include public schools such as the respected Viewbank College.

The days on market figure of 50 days is pretty decent for the Melbourne market, as is the vacancy rate of just 1.3%.

Townhouses are a popular option and there are a good range of properties that appeal to tenants.

This includes some attractive townhouses on Waiora Road, which are well located and more reasonably priced (less than $650,000).

For investors looking for a house that is more affordable than the median price and still good value, there are some good opportunities on Lower Plenty Road.

Three- or four-bedroom houses on big blocks can be bought there for less than $750,000.

These properties are in close proximity to Rosanna Station, great shopping options, cafes and restaurants.
Close
Metrics i HOUSE UNIT
$980,000 $639,500
1.50% 1.03%
9.01% 4.41%
8.77% 7.24%
$435 $390
100 48
2.31% 3.17%
61.62 49.44

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Rosanna VIC
Demographics
Total population 7902
Median household income ($/weekly) 1449
Median age of persons 41
Median housing loan repayment ($/monthly) 1993
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 817 10.3
    25-34 years 953 12.1
    35-44 years 1127 14.3
    45-54 years 1060 13.4
    55-64 years 792 10.0
    Others 3153 39.9
    Age Group
    Census Count Percent(%)
    Registered Married 3303 55.7
    Not Married 2251 37.9
    Defacto Relationship 380 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5695 75.2
    Croatia 153 2.0
    Japan 317 4.2
    United Kingdom 255 3.4
    Other 306 4.0
    Others 851 11.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 174 2.4
    Christianity 4916 68.1
    Hinduism 86 1.2
    Islam 62 0.9
    No Religion 1928 26.7
    Others 50 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 251 9.2
    $600-$799 238 8.8
    $1,500-$1,999 359 13.2
    $2,000-$2,499 265 9.7
    $2,500-$2,999 284 10.4
    Others 1321 48.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2378 37.9
    Employed, worked full-time 2312 36.9
    Employed, worked part-time 1219 19.4
    Employed, away from work 211 3.4
    Unemployed, looking for work 154 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 477 12.7
    Professionals 1262 33.7
    Technicians & trades workers 420 11.2
    Community & personal service workers 337 9.0
    Clerical & administrative workers 548 14.6
    Others 698 18.7
    Occupation
    Census Count Percent(%)
    Pre-school 140 8.2
    Infants/Primary 551 32.2
    Secondary 437 25.6
    Technical or Further Educational Institution 137 8.0
    University or other Tertiary Institutions 394 23.1
    Others 50 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6080 82.7
    Semi-detached, row or terrace house, townhouse 740 10.1
    Flat, unit or apartment 518 7.0
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1379 46.9
    Being purchased 936 31.8
    Rented 602 20.5
    Other tenure type 22 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals