Suburb Profile Report for Romsey VIC (3434)

Romsey House: Median price $424,250, Annual capital growth 5.03%, Number of sales 71, Weekly median advertised rent $340

Romsey Unit: Median price $320,000, Annual capital growth 1.81%, Number of sales 12, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3164th in the list of Australian suburbs ordered by increase in median house value over the last year, Romsey, 3434 is in the BOTTOM 30% with a property value increase of -1.34% recorded in median house prices.

Romsey,3434 was ranked 3554 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Romsey is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 333th in terms of most discounted suburbs in VIC

Romsey, 3434’s gross rental yield is 4.17%

Property investors who have had real estate in Romsey, 3434 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%

At number 101th of VIC’s most discounted properties, Romsey is in the bottom 40% of the state/territory when listing in order of most discounted to least.

At number 1324 in a list of fastest selling suburbs, Romsey is in the bottom 10% of suburbs in Australia with an average of days on market 120.18 for properties listed there.

Metrics i HOUSE UNIT
$424,250 $320,000
-2.47% N/A
-1.34% 0.00%
5.03% 1.81%
$340 N/A
71 12
4.17% N/A
76.05 120.18

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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Recent sales & rentals