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%.
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.