Property investors who have had real estate in Rowville, 3178 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.34%
While Rowville,3178 ranked number 317th in VIC for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.
Property investors looking for a bargain in Rowville should be aiming for at least -4.23% off the asking price, which is the average vendor discount being achieved at the moment.
Rowville, 3178’s gross rental yield is 3.04%
Property value increases in Rowville have tracked just higher than the VIC average of 2.98% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rowville has increased when compared to the 5 year average annual rate.
Rowville, 3178 is offering VIC ‘s 287th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
In the last year 80 properties changed hands in Rowville, which puts it as the 108th most active market in VIC when comparing the number of sales per suburb.
Rowville is 189th on a list of best yielding suburbs for rents in VIC with a 4.12% return