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Rowville

POSTAL CODE: VIC, 3178
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Property investors enjoyed capital gains of 10% over the last 12 months in ROWVILLE, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in ROWVILLE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 8.48% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $670 based on current median home prices for the suburb.

On average, rents on listings have reached the $670 mark, reflecting a 2.96% increase in returns based on the current median price in ROWVILLE.

ROWVILLE, 3178 ranks 111th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 424th on the list of best yielding suburbs for rental properties in VIC, posting a 2.96% return.

Surburb overview

Rowville is a middle-ring suburb in Melbourne’s south-east, located within the City of Knox. The suburb is situated approximately 26 kilometres south-east of the Melbourne central business district and is bordered by Lysterfield, Knoxfield, Wantirna South and Scoresby.

Rowville recorded a population of around 34,000 residents at the 2021 census, making it one of the most populous suburbs in the municipality. The demographic profile is dominated by family households, with a median age above the metropolitan average and relatively high home ownership rates. Household incomes are generally close to or above the Melbourne median, reflecting stable employment patterns and long-term settlement.

Housing in Rowville is predominantly detached dwellings on traditional suburban blocks, with limited townhouse development and very little apartment construction. Residential density remains low, with streetscapes consistent with post-war and late twentieth-century suburban development.

Public transport access is primarily bus-based, as there is no railway station located within Rowville itself. Residents typically access train services at nearby stations, including Glen Waverley, Ferntree Gully and Dandenong via connecting bus routes.

Bus services operate along Wellington Road, Stud Road and surrounding arterials, linking Rowville to shopping centres, schools and employment precincts. Road connectivity is a defining feature, with Stud Road, Wellington Road and the Monash Freeway providing strong north–south and east–west links. EastLink is also accessible nearby, supporting travel across Melbourne’s eastern and south-eastern suburbs.

Local retail and service amenities are concentrated at Stud Park Shopping Centre, which includes supermarkets, specialty retail, cafés, medical clinics and professional services. More petite neighbourhood shopping strips provide additional everyday services throughout residential areas.

Educational facilities in and around Rowville include multiple government and non-government primary and secondary schools. Tertiary institutions, including Monash University and Swinburne University, are located in surrounding suburbs and are accessible by road and bus.

Recreational amenities are extensive, with numerous local parks, sporting reserves and playgrounds distributed across the suburb. Lysterfield Lake Park and Churchill National Park are located nearby and provide access to bushwalking, cycling, and picnic facilities. Sporting clubs and recreation centres support organised sport and community activities.

Rowville’s character is shaped by its family-oriented housing, strong road connectivity and access to retail, education and open space within Melbourne’s middle south-east.

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