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Rowville
AREA REPORTS

Rowville

Rowville - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3178

house
unit

Property investors enjoyed capital gains of 9.94% 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 high, as opposed to average gains per annum over the past five years.

The suburb posted a 7.18% 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 $490 based on current median home prices for the suburb.

On average, rents on listings have reached the $490 mark, reflecting a 2.71% increase in returns based on the current median price in ROWVILLE.

ROWVILLE, 3178 ranks 509th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 359th on the list of best yielding suburbs for rental properties in VIC, posting a 2.71% return.

Data report can be found below

Rowville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $940,000 $675,000
GROWTH REPORT
Median Quarterly 5.62% 3.85%
Median 12 month 9.94% 9.76%
Median 3 years 7.18% 25.46%
Median 5 years 27.03% 45.47%
10 years average annual 6.09% 5.62%
Weekly media advert. rent $490 $430
Time on Market 33.1 days 62.1 days
Gross Rental Yield Percent 2.71% 3.31%
demographics (median values)*
Total Population
33672
Weekly Household Income
1892
Household Size
3.00
Age
38
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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