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%.
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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.