Rockingham is an average performer in WA when comparing median price capital growth over the last year. Rockingham gave property investors a good capital gain figure when compared to the rest of the state, with 2.10%.
Over the longer term, Rockingham has seen property prices show investors a -5.19% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Rockingham should be aiming for at least -5.50% off the asking price, which is the average vendor discount being achieved at the moment.
Rockingham is in the bottom 10% in WA when comparing median price capital growth over the last year. Rockingham gave property investors a dismal capital gain figure when compared to the rest of the state, with -25.66%.
Taking the average capital gain, or increase in median house value, Rockingham,6168 has racked up an average of -25.66% over the period. This ranks it number 1538th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Rockingham is offering property investors an average of -6.32. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in WA
Advertised rents are around the $285 mark per week – giving a return of 7.06% based on the median price in Suburb
Information supplied by:
(08) 9527 5055
0414 322 622
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.