Suburb Profile Report for Rockingham WA (6168)

Rockingham House: Median price $425,000, Annual capital growth 1.26%, Number of sales 281, Weekly median advertised rent $370

Rockingham Unit: Median price $280,000, Annual capital growth 2.31%, Number of sales 192, Weekly median advertised rent $320

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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WA has seen average median house prices change by 12.39% which means that Rockingham, 6168 has done well for property investors by showing a capital gain of 17.24% over the last year

While Rockingham,6168 ranked number 200th in WA for increase in median house value (annualised) increase, it is ranked 281th over the last 5 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 Rockingham, 6168. Typically our figures indicate that -4.84% is being offered, which puts this WA suburb at 918th most discounted overall in Australia.

Situated 38.68km from the CBD, Rockingham is one of Rockingham (C) localities in the postcode 6168.

At number 64th in the list of Australian suburbs ordered by increase in median house value over the last year, Rockingham, 6168 is in the top 10% with a property value increase of 30.23% recorded in median house prices.

If we look at median property appreciation over just the last three months, Rockingham has given property investors a paper return of 5.66%. This puts Suburb as 45 on a list of fastest fasting appreciating suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Rockingham is offering property investors an average of -5.09. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in WA

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.94%, without taking into account capital value appreciation, which has been averaging out at 2.31%.

Paul Baird-Murray Information supplied by:

Paul Baird-Murray
LJ Hooker

M (08) 9527 5055
O 0414 322 622

W http://www.ljhooker.com.au/
E pbairdmurray@ljh.com.au

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.

Metrics i HOUSE UNIT
$425,000 $280,000
3.66% 5.66%
17.24% 30.23%
1.26% 2.31%
$370 $320
281 192
4.53% 5.94%
62.3513513513514 88.5616438356164

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 14159
Median household income ($/weekly) 901
Median age of persons 44
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 1682 11.9
    35-44 years 1648 11.6
    45-54 years 1967 13.9
    55-64 years 1853 13.1
    65-74 years 1605 11.3
    Others 5404 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 4768 45.1
    Not Married 4723 44.7
    Defacto Relationship 1078 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7896 60.2
    Papua New Guinea 627 4.8
    South Africa 150 1.1
    United Kingdom 2905 22.1
    Other 459 3.5
    Others 1081 8.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 182 1.4
    Christianity 8675 68.8
    Islam 100 0.8
    Other Religious Groups 98 0.8
    No Religion 3513 27.8
    Others 49 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 681 12.6
    $400-$599 801 14.8
    $600-$799 565 10.5
    $800-$999 491 9.1
    $1,500-$1,999 600 11.1
    Others 2264 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4870 43.6
    Employed, worked full-time 3792 33.9
    Employed, worked part-time 1633 14.6
    Unemployed, looking for work 448 4.0
    Employed, away from work 439 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 672 11.5
    Technicians & trades workers 1200 20.5
    Community & personal service workers 744 12.7
    Clerical & administrative workers 813 13.9
    Labourers 733 12.5
    Others 1699 29.0
    Occupation
    Census Count Percent(%)
    Pre-school 149 6.7
    Infants/Primary 812 36.3
    Secondary 562 25.2
    Technical or Further Educational Institution 300 13.4
    University or other Tertiary Institutions 338 15.1
    Others 73 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9199 71.8
    Semi-detached, row or terrace house, townhouse 1800 14.0
    Flat, unit or apartment 1564 12.2
    Caravan, cabin, houseboat 257 2.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2265 38.1
    Fully owned 2079 34.9
    Being purchased 1547 26.0
    Other tenure type 60 1.0
    Tenure Type
Census 2011, ABS
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