Property value increases in Rosanna have tracked close to the VIC average of 10.43% over the last 12 months.
A 56.04% growth in median value for property investors in Rosanna,3084 puts this suburb at number 298th in terms of best performing suburbs in VIC
At number 116th of VIC’s most discounted properties, Rosanna is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 9.24%, investors should hope to achieve an overall return of 2.19%
With a capital gain of 15.64% for the last 12 months, Rosanna, 3084 has performed for property investments than its average annual 7.74% property growth over the last 5 years.
Across a shorter period, Rosanna, 3084 has seen a median price increase of 7.59% over the last quarter.
The most recent median price for Rosanna is $695000, with sellers offering an average of -5.99% off the asking price.
Residents and property investors in Rosanna have been waiting around 53.78 days to sell a property.
Property investors should expect to get $385 weekly from the median priced house in this suburb.
If you can afford it, this Melbourne suburb has a huge amount to offer.Full summary
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If you can afford it, this Melbourne suburb has a huge amount to offer.Close
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.