Property value increases in Rockingham have tracked just lower than the WA average of -1.63% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Rockingham comes in at number 337th in WA.
The most recent median price for Rockingham is $370500, with sellers offering an average of -9.02% off the asking price.
At number 3110 in a list of fastest selling suburbs, Rockingham is in the bottom 20% of suburbs in Australia with an average of days on market 109.93 for properties listed there.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 0.75%.
Property value increases in Rockingham have tracked lower than the WA average of -5.44% over the last 12 months.
Rockingham,6168 was ranked 39 in Australia by increase in median property value over the quarter.
Rockingham, 6168 is offering WA ‘s 15th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this WA.
Residents and property investors in Rockingham have been waiting around 116.43 days to sell a property.
Advertised rents are around the $260 mark per week – giving a return of 5.52% based on the median price in Suburb
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.