Rochester is in the bottom 30% in VIC when comparing median price capital growth over the last year. Rochester gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.58%.
Across a shorter period, Rochester, 3561 has seen a median price increase of 5.29% over the last quarter.
Property investors looking for a bargain in Rochester should be aiming for at least -9.43% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Advertised rents are around the $250 mark per week – giving a return of 5.44% based on the median price in Suburb