Suburb Profile Report for Romsey VIC (3434)

Romsey House: Median price $445,000, Annual capital growth 5.20%, Number of sales 73, Weekly median advertised rent $340

Romsey Unit: Median price $320,000, Annual capital growth 0.00%, Number of sales 13, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Romsey has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.95%

Over the longer term, Romsey has seen property prices show investors a 11.25% return over the last 3 years. This is worse than over the last 12 months

Romsey3434 is located in VIC which offers an average discount of -6.00% to property investors. Romsey itself is showing figures that indicate -6.03% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

At number 1073th in the list of Australian suburbs ordered by increase in median house value over the last year, Romsey, 3434 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.

While Romsey,3434 ranked number 253th in VIC for increase in median house value (annualised) increase, it is ranked 162th over the last 5 years.

Metrics i HOUSE UNIT
$445,000 $320,000
3.49% -0.62%
5.95% 0.00%
5.20% 0.00%
$340 $320
73 13
3.97% 5.20%
93.03 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 4411
Median household income ($/weekly) 1401
Median age of persons 38
Median housing loan repayment ($/monthly) 1543
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 744 16.9
    25-34 years 422 9.6
    35-44 years 713 16.2
    45-54 years 668 15.1
    55-64 years 561 12.7
    Others 1304 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 1763 56.3
    Not Married 1052 33.6
    Defacto Relationship 316 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3790 89.0
    Greece 28 0.7
    Papua New Guinea 45 1.1
    United Kingdom 200 4.7
    Other 46 1.1
    Others 151 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.6
    Christianity 2794 69.2
    Islam 9 0.2
    Other Religious Groups 14 0.3
    No Religion 1192 29.5
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 117 9.0
    $1,000-$1,249 140 10.7
    $1,250-$1,499 124 9.5
    $1,500-$1,999 202 15.5
    $2,000-$2,499 159 12.2
    Others 561 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1343 41.3
    Not in the labour force 979 30.1
    Employed, worked part-time 685 21.1
    Employed, away from work 155 4.8
    Unemployed, looking for work 87 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 244 11.2
    Professionals 346 15.8
    Technicians & trades workers 437 20.0
    Community & personal service workers 233 10.7
    Clerical & administrative workers 297 13.6
    Others 626 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 93 8.0
    Infants/Primary 487 41.7
    Secondary 379 32.4
    Technical or Further Educational Institution 70 6.0
    University or other Tertiary Institutions 100 8.6
    Others 39 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4125 98.4
    Flat, unit or apartment 49 1.2
    Semi-detached, row or terrace house, townhouse 17 0.4
    Improvised home, tent, sleepers out 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 809 55.8
    Fully owned 455 31.4
    Rented 174 12.0
    Other tenure type 13 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals