Giving property investors a a poor capital gain of -6.59% for the last year, Rockingham, 6168 is the 3628th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rockingham has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.56% to buyers in Rockingham at the moment, which is less than average for the rest of WA.
Residents and property investors in Rockingham have been waiting around 92.39 days to sell a property.
At number 1658th in the list of Australian suburbs ordered by increase in median house value over the last year, Rockingham, 6168 is in the BOTTOM 10% with a property value increase of -16.43% recorded in median house prices.
Rockingham,6168 has offered an average of -16.43% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Rockingham is offering property investors an average of -7.52. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 9.08 sales per month, which equates to 109 per year.
Advertised rents are around the $290 mark per week – giving a return of 5.20% based on the median price in Suburb
South of Perth, looking out at Rottnest Island, Rockingham is on the grow due to its coastal location, access to the CBD and the burgeoning resources industry.
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Tourists already flock to the area for the relaxed lifestyle, picturesque outlook, ocean front cafe strips and much more. Rockingham is set to benefit from rising rents in neighbouring suburbs, which have access to a BHP oil refinery and numerous resources-based businesses.
The suburb has undergone a facelift over the last decade and now offers highrise apartments and newly developed communities. Older properties in the area are now ripe for renovation.Full summary
Selling points: We are in a fortunate place that offers so much, eg we are positioned alongside the ocean (sea side suburb) with many tourist attractions. The other main selling point is the relaxed lifestyle we offer as we have the ocean café strips and the best beaches that face north. The property pricing stems from low $200,000 to multimillion dollar.
Most sought after properties: We have a great range of three bedroom properties around the $300 to $350,000 mark and new properties in the Baldivis area that are four bed, two bathroom. This suburb is a new area with approximately 3,000 homes and the potential for 11,000 plus over the next few years and it is still only 15 minutes to the ocean.
Most common properties: In Rockingham many homes are 25 years old, however some are at the stage they could be replace with new or renovated. The Baldivis area however is all new and the oldest home may be only seven or so years old.
Top amenities: As above. However, the schooling and University plus the TAFE College are of good quality.
Local industry and business: We have in the adjoining suburb an industrial area that has BHP and various mining suppliers, manufacturers, eg steel boiler making, etc. This is a strong draw card for trades and labour forces. The rentals are strong in these areas and hence many big real estate offices manage large rent rolls.
Recent changes: The area now has various multi-storey high rise apartments overlooking the bay/ocean.
Best streets: Hard question and one that would conflict with many of our clients that we currently have listed, however I believe the ocean front, or closer to the ocean areas are in strong demand. The price is higher though, as you can imagine.
Public transport: Excellent as we have trains to the city and a free shuttle bus to the major points of interest, such as the ocean front and major shopping centre.