At number 753th in the list of Australian suburbs ordered by increase in median house value over the last year, Rosanna, 3084 is in the top 20% with a property value increase of 16.68% recorded in median house prices.
While Rosanna,3084 ranked number 302th in VIC for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.
In the last year 87 properties changed hands in Rosanna, which puts it as the 302th most active market in VIC when comparing the number of sales per suburb.
Rosanna is an average performer in VIC when comparing median price capital growth over the last year. Rosanna gave property investors a good capital gain figure when compared to the rest of the state, with 9.62%.
Over the longer term, Rosanna has seen property prices show investors a 44.79% return over the last 3 years. This is worse than over the last 12 months
In the last year 40 properties changed hands in Rosanna, which puts it as the 211th most active market in VIC when comparing the number of sales per suburb.
If you can afford it, this Melbourne suburb has a huge amount to offer.Full summary
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If you can afford it, this Melbourne suburb has a huge amount to offer.Close
It’s located 12km northeast of the Melbourne CBD, but there are a range of great amenities in the suburb itself.
These include public schools such as the respected Viewbank College.
The days on market figure of 50 days is pretty decent for the Melbourne market, as is the vacancy rate of just 1.3%.
Townhouses are a popular option and there are a good range of properties that appeal to tenants.
This includes some attractive townhouses on Waiora Road, which are well located and more reasonably priced (less than $650,000).
For investors looking for a house that is more affordable than the median price and still good value, there are some good opportunities on Lower Plenty Road.
Three- or four-bedroom houses on big blocks can be bought there for less than $750,000.
These properties are in close proximity to Rosanna Station, great shopping options, cafes and restaurants.