Suburb Profile Report for Rowville VIC (3178)

Rowville House: Median price $813,500, Annual capital growth 6.06%, Number of sales 274, Weekly median advertised rent $470

Rowville Unit: Median price $570,000, Annual capital growth 4.98%, Number of sales 68, Weekly median advertised rent $420

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

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

  • House Report
  • Unit Report

Rowville is in the bottom 40% in VIC when comparing median price capital growth over the last year. Rowville gave property investors a disappointing capital gain figure when compared to the rest of the state, with -6.50%.

While Rowville,3178 ranked number 223th in VIC for increase in median house value (annualised) increase, it is ranked 352th over the last 5 years.

Rowville, 3178 is offering VIC ‘s 203th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

At number 542 in a list of fastest selling suburbs, Rowville is in the TOP 20% of suburbs in Australia with an average of days on market 55.2158 for properties listed there.

Rowville is 465th on a list of best yielding suburbs for rents in VIC with a 3.00% return

Property value increases in Rowville have tracked higher than the VIC average of 0.68% over the last 12 months.

The five-year average increase in median property values for Rowville,3178 has given property investors a potential capital gain of 35.71% across each of those five years.

The most recent median price for Rowville is $570000, with sellers offering an average of -7.05% off the asking price.

At number 609 in a list of fastest selling suburbs, Rowville is just in the top half of suburbs in Australia with an average of days on market 77.4878 for properties listed there.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$813,500 $570,000
0.43% 5.94%
-6.50% 8.57%
6.06% 4.98%
$470 $420
274 68
3.00% 3.83%
55.2157894736842 77.4878048780488

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 34145
Median household income ($/weekly) 1706
Median age of persons 36
Median housing loan repayment ($/monthly) 1820
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 5202 15.2
    25-34 years 3557 10.4
    35-44 years 5438 15.9
    45-54 years 5866 17.2
    55-64 years 3455 10.1
    Others 10628 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 14791 58.1
    Not Married 9205 36.2
    Defacto Relationship 1466 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 22696 68.5
    Indonesia 796 2.4
    Sri Lanka 908 2.7
    United Kingdom 1393 4.2
    Other 1622 4.9
    Others 5739 17.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1552 4.9
    Christianity 21298 66.6
    Hinduism 817 2.6
    Islam 710 2.2
    No Religion 7168 22.4
    Others 442 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 787 8.3
    $1,250-$1,499 820 8.6
    $1,500-$1,999 1551 16.3
    $2,000-$2,499 1227 12.9
    $2,500-$2,999 1128 11.9
    Others 3990 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 11556 44.3
    Not in the labour force 7174 27.5
    Employed, worked part-time 5525 21.2
    Employed, away from work 980 3.8
    Unemployed, looking for work 822 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 2348 13.0
    Professionals 3548 19.6
    Technicians & trades workers 2644 14.6
    Clerical & administrative workers 3191 17.7
    Sales 2267 12.6
    Others 4065 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 652 6.8
    Infants/Primary 3296 34.3
    Secondary 3172 33.0
    Technical or Further Educational Institution 765 8.0
    University or other Tertiary Institutions 1464 15.3
    Others 250 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 32032 96.9
    Semi-detached, row or terrace house, townhouse 692 2.1
    Flat, unit or apartment 326 1.0
    House or flat attached to a shop, office 15 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5748 54.7
    Fully owned 3311 31.5
    Rented 1320 12.6
    Other tenure type 134 1.3
    Tenure Type
Census 2011, ABS
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