Suburb Profile Report for Rockbank VIC (3335)

Rockbank House: Median price $267,500, Annual capital growth 10.11%, Number of sales 56, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Rockbank, 3335 should be 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 38.24%

If we look at median property appreciation over just the last three months, Rockbank has given property investors a paper return of 11.04%. This puts Suburb as 18 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Rockbank itself are offering an average vendor discount of -3.90% to real estate investors.

Often selling an investment property can take time, and in Rockbank the average time real estate has been on the market is 131.5 days.

Situated 28.29km from the CBD, Rockbank is one of Melton localities in the postcode 3335.

Metrics i HOUSE UNIT
$267,500 N/A
11.04% N/A
38.24% N/A
10.11% N/A
$400 N/A
56 N/A
7.78% N/A
131.5 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 1349
Median household income ($/weekly) 964
Median age of persons 39
Median housing loan repayment ($/monthly) 1200
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 150 11.1
    25-34 years 165 12.2
    35-44 years 196 14.5
    45-54 years 192 14.2
    55-64 years 239 17.7
    Others 407 30.2
    Age Group
    Census Count Percent(%)
    Not Married 491 47.4
    Registered Married 460 44.4
    Defacto Relationship 84 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 881 73.1
    Japan 27 2.2
    Netherlands 95 7.9
    United Kingdom 29 2.4
    Other 48 4.0
    Others 126 10.4
    Country of Birth
    Census Count Percent(%)
    Christianity 908 76.4
    No Religion 212 17.8
    Islam 49 4.1
    Buddhism 14 1.2
    Other Religious Groups 6 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 59 13.9
    $800-$999 51 12.1
    $1,000-$1,249 61 14.4
    $1,500-$1,999 39 9.2
    $2,000-$2,499 35 8.3
    Others 178 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 400 38.5
    Employed, worked full-time 373 35.9
    Employed, worked part-time 178 17.1
    Employed, away from work 57 5.5
    Unemployed, looking for work 32 3.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 99 16.3
    Clerical & administrative workers 83 13.7
    Sales 59 9.7
    Machinery operators & drivers 119 19.6
    Labourers 102 16.8
    Others 144 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 19 7.8
    Infants/Primary 80 32.7
    Secondary 72 29.4
    Technical or Further Educational Institution 31 12.7
    University or other Tertiary Institutions 26 10.6
    Others 17 6.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1073 85.3
    Caravan, cabin, houseboat 143 11.4
    Semi-detached, row or terrace house, townhouse 26 2.1
    Flat, unit or apartment 12 1.0
    Improvised home, tent, sleepers out 4 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 189 40.4
    Being purchased 153 32.7
    Rented 123 26.3
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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