Suburb Profile Report for Rowville VIC (3178)

Rowville House: Median price $760,050, Annual capital growth 8.06%, Number of sales 353, Weekly median advertised rent $440

Rowville Unit: Median price $480,000, Annual capital growth 4.58%, Number of sales 91, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Rowville, 3178 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.42%.

Taking the average capital gain, or increase in median house value, Rowville,3178 has racked up an average of 8.42% over the period. This ranks it number 992th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Rowville 3178 should be seeing an average reduction in asking price of around -4.32% . This means that Rowville is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 29.42 sales per month, which equates to 353 per year.

With the median price for a house in Rowville being $760050 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.01%

VIC has seen average median house prices change by 3.19% which means that Rowville, 3178 has done well for property investors by showing a capital gain of 12.94% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Rowville comes in at number 134th in VIC.

Our latest figures would indicate that property sellers in Rowville are currently offering property investors an average price cut of -3.16% below the asking price at the moment.

On average over the past year, suburb has had 7.58 sales per month, which equates to 91 per year.

With the median price for a house in Rowville being $480000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.12%

HOUSE UNIT
$760,050 $480,000
2.02% 2.13%
8.42% 12.94%
8.06% 4.58%
$440 $380
353 91
3.01% 4.12%
42.12 65.3

Source: CoreLogic

DSR Score for property investment : 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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