Suburb Profile Report for Rochester VIC (3561)

Rochester House: Median price $250,000, Annual capital growth 4.41%, Number of sales 49, Weekly median advertised rent $270

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Rochester is in the TOP 20% in VIC when comparing median price capital growth over the last year. Rochester gave property investors a very good capital gain figure when compared to the rest of the state, with 10.62%.

The five-year average increase in median property values for Rochester,3561 has given property investors a potential capital gain of 6.38% across each of those five years.

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 Rochester, 3561. Typically our figures indicate that -5.71% is being offered, which puts this VIC suburb at 1835th most discounted overall in Australia.

On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.

Metrics i HOUSE UNIT
$250,000 N/A
0.00% N/A
10.62% N/A
4.41% N/A
$270 N/A
49 N/A
5.62% N/A
123.925925925926 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3135
Median household income ($/weekly) 876
Median age of persons 47
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 396 12.6
    35-44 years 322 10.3
    45-54 years 463 14.8
    55-64 years 445 14.2
    65-74 years 403 12.9
    Others 1105 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 1227 53.5
    Not Married 890 38.8
    Defacto Relationship 176 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2768 94.1
    Japan 10 0.3
    Papua New Guinea 16 0.5
    United Kingdom 67 2.3
    Other 17 0.6
    Others 62 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.4
    Christianity 2139 76.9
    Islam 13 0.5
    Other Religious Groups 9 0.3
    No Religion 601 21.6
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 117 10.8
    $400-$599 181 16.6
    $600-$799 125 11.5
    $800-$999 133 12.2
    $1,500-$1,999 147 13.5
    Others 385 35.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1109 45.4
    Employed, worked full-time 788 32.2
    Employed, worked part-time 391 16.0
    Employed, away from work 106 4.3
    Unemployed, looking for work 50 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 228 17.7
    Professionals 147 11.4
    Technicians & trades workers 193 15.0
    Clerical & administrative workers 142 11.0
    Labourers 187 14.5
    Others 390 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 31 5.1
    Infants/Primary 249 41.3
    Secondary 224 37.1
    Technical or Further Educational Institution 62 10.3
    University or other Tertiary Institutions 22 3.6
    Others 15 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2723 94.9
    Flat, unit or apartment 114 4.0
    House or flat attached to a shop, office 15 0.5
    Semi-detached, row or terrace house, townhouse 11 0.4
    Caravan, cabin, houseboat 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 588 49.5
    Being purchased 365 30.7
    Rented 228 19.2
    Other tenure type 8 0.7
    Tenure Type
Census 2011, ABS
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