Suburb Profile Report for Rockingham WA (6168)

Rockingham House: Median price $390,000, Annual capital growth -0.10%, Number of sales 229, Weekly median advertised rent $340

Rockingham Unit: Median price $247,795, Annual capital growth -0.20%, Number of sales 138, Weekly median advertised rent $300

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

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

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  • House Report
  • Unit Report

Property investors who have had real estate in Rockingham, 6168 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.64%

Over the longer term, Rockingham has seen property prices show investors a 2.63% return over the last 3 years. This is an improvement over the last 12 months

At number 172th of WA’s most discounted properties, Rockingham is in the middle of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $340 mark per week – giving a return of 4.53% based on the median price in Suburb

Investment property in Rockingham has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.32%

Across a shorter period, Rockingham, 6168 has seen a median price increase of 8.68% over the last quarter.

At number 24th of WA’s most discounted properties, Rockingham is in the bottom 40% of the state/territory when listing in order of most discounted to least.

At number 1243 in a list of fastest selling suburbs, Rockingham is in the bottom 10% of suburbs in Australia with an average of days on market 112.11 for properties listed there.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.30%, without taking into account capital value appreciation, which has been averaging out at -0.20%.

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 [email protected]

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
$390,000 $247,795
5.41% 8.68%
10.64% 0.32%
-0.10% -0.20%
$340 $300
229 138
4.53% 6.30%
91.8245614035088 112.11

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

DSR Score for property investment : Good (H), Above average (U)
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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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