Suburb Profile Report for Rowville VIC (3178)

Rowville House: Median price $770,000, Annual capital growth 8.11%, Number of sales 370, Weekly median advertised rent $450

Rowville Unit: Median price $482,500, Annual capital growth 4.64%, Number of sales 81, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Rowville, 3178 have given investors a capital gain of 8.76%. This compares averagely with the 8.06% for VIC as a whole.

Over the longer term, Rowville has seen property prices show investors a 37.25% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Rowville is $770000, with sellers offering an average of -4.22% off the asking price.

Residents and property investors in Rowville have been waiting around 40.2 days to sell a property.

Rowville, 3178’s gross rental yield is 3.04%

Rowville has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.65% to date .

While Rowville,3178 ranked number 230th in VIC for increase in median house value (annualised) increase, it is ranked 121th over the last 5 years.

Our latest figures would indicate that property sellers in Rowville are currently offering property investors an average price cut of -3.03% below the asking price at the moment.

Rowville is 199th on a list of best yielding suburbs for rents in VIC with a 4.10% return

HOUSE UNIT
$770,000 $482,500
2.67% -0.52%
8.76% 9.65%
8.11% 4.64%
$450 $380
370 81
3.04% 4.10%
40.2 72.72

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Rowville VIC
Demographics
Total population 34145
Median household income ($/weekly) 1706
Median age of persons 36
Median housing loan repayment ($/monthly) 1820
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 5202 15.2
    25-34 years 3557 10.4
    35-44 years 5438 15.9
    45-54 years 5866 17.2
    55-64 years 3455 10.1
    Others 10628 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 14791 58.1
    Not Married 9205 36.2
    Defacto Relationship 1466 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 22696 68.5
    Indonesia 796 2.4
    Sri Lanka 908 2.7
    United Kingdom 1393 4.2
    Other 1622 4.9
    Others 5739 17.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1552 4.9
    Christianity 21298 66.6
    Hinduism 817 2.6
    Islam 710 2.2
    No Religion 7168 22.4
    Others 442 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 787 8.3
    $1,250-$1,499 820 8.6
    $1,500-$1,999 1551 16.3
    $2,000-$2,499 1227 12.9
    $2,500-$2,999 1128 11.9
    Others 3990 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 11556 44.3
    Not in the labour force 7174 27.5
    Employed, worked part-time 5525 21.2
    Employed, away from work 980 3.8
    Unemployed, looking for work 822 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 2348 13.0
    Professionals 3548 19.6
    Technicians & trades workers 2644 14.6
    Clerical & administrative workers 3191 17.7
    Sales 2267 12.6
    Others 4065 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 652 6.8
    Infants/Primary 3296 34.3
    Secondary 3172 33.0
    Technical or Further Educational Institution 765 8.0
    University or other Tertiary Institutions 1464 15.3
    Others 250 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 32032 96.9
    Semi-detached, row or terrace house, townhouse 692 2.1
    Flat, unit or apartment 326 1.0
    House or flat attached to a shop, office 15 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5748 54.7
    Fully owned 3311 31.5
    Rented 1320 12.6
    Other tenure type 134 1.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals