Rosanna

POSTAL CODE: VIC, 3084

HOUSE

UNIT

ROSANNA ranks 309th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -1.96% for the past year is lower than average compared to its 22.54% growth within a five-year period.

Also in ROSANNA, the median home price is sitting at $1,372,500, and the average rent at $650, this suggests property owners could potentially earn a 2.46% increase in gross rental yield.

Property investors have seen a 0.48% gain in ROSANNA based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.89% growth over a ten-year period. It ranks 3187th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in ROSANNA, 3084 translates to a -5.29% capital gain.

ROSANNA, 3084 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $805,000.

Augmented property values in ROSANNA are trailing behind the VIC average of 2.9% for the past year.

Real estate investors could earn a rental income of $555 based on current median home prices for the suburb.

Home owners selling their properties and realtors in ROSANNA usually have to wait an average of 43.2 days days before their assets are lifted off the market.

ROSANNA ranks 354th on the list of best yielding suburbs for rental properties in VIC, posting a 3.59% return.

ROSANNA, 3084 places 289th in Australia based on median property value growth during the quarter.

Surburb overview

Rosanna, located 12 kilometres northeast of Melbourne's Central Business District, is part of the City of Banyule local government area. According to the 2021 census, the suburb has 8,616 residents. The community is diverse: 65% of residents were born in Australia, followed by individuals from China and Italy (3.2% each), India (2.8%), England (2.5%), and New Zealand.

Public transportation in Rosanna is well-developed. The Rosanna railway station serves the suburb on the Hurstbridge line, which underwent a significant upgrade in 2018 to remove a level crossing and now offers express services to the CBD. Bus routes 513 and 517 also connect Rosanna to Eltham, Glenroy, Northland Shopping Centre, St Helena, Greensborough, and Viewbank.

Essential establishments in Rosanna include a variety of shops, cafes, and medical services. The suburb features amenities such as dentists, chiropractors, doctors, opticians, chemists, a post office, and banks. Educational institutions are prominent, with schools like Rosanna Golf Links Primary School, Rosanna Primary School, Banyule Primary School, and Viewbank College serving the area.

Recreational activities are abundant, with Rosanna Parklands offering 15 hectares of walking trails and playgrounds in a natural bush setting. The River Gum Walk provides additional outdoor opportunities. Sports enthusiasts can engage with local clubs, including the Rosanna Little Athletics Club and the Rosanna Bowling Club.

Rosanna's combination of accessible transportation, essential services, educational facilities, and recreational spaces contributes to its appeal as a residential suburb in Melbourne's north-east.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,372,500	$805,000
Growth Report
Median Quarterly	0.48%	-1.83%
Median 12 month	-1.96%	-3.25%
Median 3 years	13.43%	-5.29%
Median 5 years	22.54%	7.33%
10 years average annual	4.89%	3.22%
Weekly media advert. rent	$650	$555
Time on Market	54.8 days	43.2 days
Gross Rental Yield Percent	2.46%	3.59%

Demographics (Median Values)*

Total Population 25517

Weekly Household Income 1813

Household Size 2.60

Average Age 41

Monthly Loan Repayment 2058

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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