Suburb Profile Report for Rosebud West VIC (3940)

Rosebud West House: Median price $425,000, Annual capital growth 6.57%, Number of sales 140, Weekly median advertised rent $328

Rosebud West Unit: Median price $388,000, Annual capital growth 7.17%, Number of sales 55, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Rosebud West has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.39%

If we look at median property appreciation over just the last three months, Rosebud West has given property investors a paper return of 1.43%. This puts Suburb as 323 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Rosebud West itself are offering an average vendor discount of -6.15% to real estate investors.

Residents and property investors in Rosebud West have been waiting around 75.15 days to sell a property.

A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 6.57%.

If you compare the increase in value of investment property in Rosebud West, 3940 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.78%.

Across a shorter period, Rosebud West, 3940 has seen a median price increase of -3.00% over the last quarter.

Our latest figures would indicate that property sellers in Rosebud West are currently offering property investors an average price cut of -4.16% below the asking price at the moment.

With the median price for a house in Rosebud West being $388000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.02%

HOUSE UNIT
$425,000 $388,000
1.43% -3.00%
10.39% 0.78%
6.57% 7.17%
$328 $300
140 55
4.01% 4.02%
75.15 126.73

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4580
Median household income ($/weekly) 641
Median age of persons 58
Median housing loan repayment ($/monthly) 1387
Average household size 2
  • Census Count Percent(%)
    35-44 years 398 8.7
    55-64 years 495 10.8
    65-74 years 613 13.4
    75-84 years 805 17.6
    85 years and over 527 11.5
    Others 1742 38.0
    Age Group
    Census Count Percent(%)
    Not Married 1535 47.0
    Registered Married 1425 43.6
    Defacto Relationship 305 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3417 81.5
    Japan 64 1.5
    Papua New Guinea 44 1.0
    United Kingdom 371 8.9
    Other 59 1.4
    Others 237 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.0
    Christianity 2757 70.5
    Hinduism 11 0.3
    Islam 19 0.5
    No Religion 1074 27.5
    Others 10 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 283 15.9
    $400-$599 402 22.5
    $600-$799 292 16.4
    $800-$999 205 11.5
    $1,000-$1,249 139 7.8
    Others 464 26.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2331 64.0
    Employed, worked full-time 595 16.3
    Employed, worked part-time 510 14.0
    Unemployed, looking for work 128 3.5
    Employed, away from work 80 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 118 9.9
    Technicians & trades workers 253 21.3
    Community & personal service workers 171 14.4
    Sales 162 13.6
    Labourers 165 13.9
    Others 318 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 50 8.9
    Infants/Primary 221 39.5
    Secondary 134 24.0
    Technical or Further Educational Institution 77 13.8
    University or other Tertiary Institutions 47 8.4
    Others 30 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2677 69.5
    Semi-detached, row or terrace house, townhouse 973 25.2
    Flat, unit or apartment 140 3.6
    Caravan, cabin, houseboat 60 1.6
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 828 44.6
    Rented 538 29.0
    Being purchased 327 17.6
    Other tenure type 163 8.8
    Tenure Type
Census 2011, ABS
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