Suburb Profile Report for Rocklea QLD (4106)

Rocklea House: Median price $395,250, Annual capital growth 1.66%, Number of sales 24, Weekly median advertised rent $380

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Property investors who have had real estate in Rocklea, 4106 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.76%

Rocklea,4106 was ranked 1971 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Rocklea are currently offering property investors an average price cut of -10.95% below the asking price at the moment.

In the last year 24 properties changed hands in Rocklea, which puts it as the 636th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $380 mark per week – giving a return of 5.00% based on the median price in Suburb

Information supplied by:




M
O

W
E

Rocklea was one of the worst hit areas in the 2011 flooding, and last year the area recorded a massive 22% drop in prices as a good deal of damaged homes came on the market. However, there are signs that the market is finally stabilising.

“We were all affected,” says Local Ray White real estate agent Diane Sims, “and we’re still getting over it, but now things are finally starting to turn. For it being only 9km from the CBD, it’s priced exceptionally well. It also has transport, trains, buses and it’s close to the university.  But the big draw is that it’s close to the CBD and extremely affordable.”

 Best street(s):  Bale Street: One of several older, more established streets in the southwest part of the suburb.

Metrics i HOUSE UNIT
$395,250 N/A
-0.19% N/A
-4.76% N/A
1.66% N/A
$380 N/A
24 N/A
5.00% N/A
60.1818181818182 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
Find a mortgage broker in Rocklea QLD
Demographics
Total population 1255
Median household income ($/weekly) 1052
Median age of persons 36
Median housing loan repayment ($/monthly) 1800
Average household size 2.3
  • Census Count Percent(%)
    20-24 years 117 9.3
    25-34 years 264 21.0
    35-44 years 158 12.6
    45-54 years 165 13.1
    55-64 years 132 10.5
    Others 420 33.4
    Age Group
    Census Count Percent(%)
    Not Married 496 55.0
    Registered Married 304 33.7
    Defacto Relationship 102 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 762 64.2
    Indonesia 26 2.2
    Papua New Guinea 67 5.6
    United Kingdom 52 4.4
    Other 116 9.8
    Others 164 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 3.2
    Christianity 695 61.2
    Hinduism 31 2.7
    Islam 45 4.0
    No Religion 312 27.5
    Others 17 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 59 13.6
    $600-$799 59 13.6
    $1,000-$1,249 53 12.2
    $1,250-$1,499 48 11.1
    $1,500-$1,999 49 11.3
    Others 165 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 399 38.5
    Not in the labour force 378 36.5
    Employed, worked part-time 181 17.5
    Unemployed, looking for work 45 4.3
    Employed, away from work 33 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 122 19.9
    Technicians & trades workers 108 17.6
    Clerical & administrative workers 88 14.4
    Machinery operators & drivers 74 12.1
    Labourers 79 12.9
    Others 142 23.2
    Occupation
    Census Count Percent(%)
    Pre-school 8 3.2
    Infants/Primary 68 27.4
    Secondary 49 19.8
    Technical or Further Educational Institution 39 15.7
    University or other Tertiary Institutions 77 31.0
    Others 7 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 836 76.7
    Semi-detached, row or terrace house, townhouse 168 15.4
    Flat, unit or apartment 73 6.7
    House or flat attached to a shop, office 10 0.9
    Caravan, cabin, houseboat 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 185 40.8
    Being purchased 150 33.1
    Fully owned 112 24.7
    Other tenure type 6 1.3
    Tenure Type
Census 2011, ABS
Chart Table