Rockingham has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.14% to date .
If we look at median property appreciation over just the last three months, Rockingham has given property investors a paper return of -1.25%. This puts Suburb as 227 on a list of fastest fasting appreciating suburbs in WA
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rockingham, 6168. Typically our figures indicate that -8.51% is being offered, which puts this WA suburb at 611th most discounted overall in Australia.
At number 2235 in a list of fastest selling suburbs, Rockingham is just in the bottom half of suburbs in Australia with an average of days on market 87.28 for properties listed there.
With the median price for a house in Rockingham being $395000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.34%
Rockingham is in the TOP 10% in WA when comparing median price capital growth over the last year. Rockingham gave property investors a very good capital gain figure when compared to the rest of the state, with 9.65%.
Over the longer term, Rockingham has seen property prices show investors a 4.17% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Rockingham should be aiming for at least -9.57% off the asking price, which is the average vendor discount being achieved at the moment.
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.