Suburb Profile Report for Rochester VIC (3561)

Rochester House: Median price $230,000, Annual capital growth 3.82%, Number of sales 36, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

With a capital gain of -2.13% for the last 12 months, Rochester, 3561 has performed for property investments than its average annual 3.82% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rochester has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Rochester are currently offering property investors an average price cut of -10.17% below the asking price at the moment.

With the median price for a house in Rochester being $230000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.65%

HOUSE UNIT
$230,000 N/A
-1.29% N/A
-2.13% N/A
3.82% N/A
$250 N/A
36 N/A
5.65% N/A
178.48 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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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
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