Suburb Profile Report for Rowville VIC (3178)

Rowville House: Median price $748,750, Annual capital growth 8.00%, Number of sales 391, Weekly median advertised rent $435

Rowville Unit: Median price $500,500, Annual capital growth 5.53%, Number of sales 86, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 7.80% which means that Rowville, 3178 has done well for property investors by showing a capital gain of 9.31% over the last year

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 453th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Using the current median advertised rental of $435 and the average annual increase in value of a median property of 8.00%, investors should hope to achieve an overall return of 3.02%

If you compare the increase in value of investment property in Rowville, 3178 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.06%.

Comparing Rowville,3178 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -1.98% to buyers in Rowville at the moment, which is less than average for the rest of VIC.

The VIC suburb of Rowville, 3178 is in the Knox local government area.

HOUSE UNIT
$748,750 $500,500
0.88% 5.37%
9.31% 15.06%
8.00% 5.53%
$435 $375
391 86
3.02% 3.90%
39.41 59.2

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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
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