Suburb Profile Report for Rochester VIC (3561)

Rochester House: Median price $255,000, Annual capital growth 3.76%, Number of sales 37, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Property value increases in Rochester have tracked close to the VIC average of 8.96% over the last 12 months.

Comparing Rochester,3561 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Rochester is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 68th in terms of most discounted suburbs in VIC

Residents and property investors in Rochester have been waiting around 162.85 days to sell a property.

Rochester, 3561’s gross rental yield is 5.10%

Metrics i HOUSE UNIT
$255,000 N/A
5.37% N/A
8.51% N/A
3.76% N/A
$250 N/A
37 N/A
5.10% N/A
162.85 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3135
Median household income ($/weekly) 876
Median age of persons 47
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 396 12.6
    35-44 years 322 10.3
    45-54 years 463 14.8
    55-64 years 445 14.2
    65-74 years 403 12.9
    Others 1105 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 1227 53.5
    Not Married 890 38.8
    Defacto Relationship 176 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2768 94.1
    Japan 10 0.3
    Papua New Guinea 16 0.5
    United Kingdom 67 2.3
    Other 17 0.6
    Others 62 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.4
    Christianity 2139 76.9
    Islam 13 0.5
    Other Religious Groups 9 0.3
    No Religion 601 21.6
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 117 10.8
    $400-$599 181 16.6
    $600-$799 125 11.5
    $800-$999 133 12.2
    $1,500-$1,999 147 13.5
    Others 385 35.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1109 45.4
    Employed, worked full-time 788 32.2
    Employed, worked part-time 391 16.0
    Employed, away from work 106 4.3
    Unemployed, looking for work 50 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 228 17.7
    Professionals 147 11.4
    Technicians & trades workers 193 15.0
    Clerical & administrative workers 142 11.0
    Labourers 187 14.5
    Others 390 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 31 5.1
    Infants/Primary 249 41.3
    Secondary 224 37.1
    Technical or Further Educational Institution 62 10.3
    University or other Tertiary Institutions 22 3.6
    Others 15 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2723 94.9
    Flat, unit or apartment 114 4.0
    House or flat attached to a shop, office 15 0.5
    Semi-detached, row or terrace house, townhouse 11 0.4
    Caravan, cabin, houseboat 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 588 49.5
    Being purchased 365 30.7
    Rented 228 19.2
    Other tenure type 8 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals