As mortgage brokers who broker a lot of home loans in the Rockingham area, we would like to share some information with you about property in Rockingham. We will be doing this for a number of neighbouring suburbs. We hope this information can help you if you are looking for a home in the area.
Rockingham Property Figures as of 31 May 2015
For a house in Rockingham, the median price is $444,000. This has only grown 1.37% in one year, but 18.09% over three years. There is an average annual growth of 8.04%. The weekly median advertised rent is $380. The gross rental yield is 4.45%. The twelve month number of sales is 279. The average house in Rockingham is on the market for 78.19 days.
For a unit in Rockingham, the median price is $325,000. The yearly growth is 11.49% and the three year growth is 12.07%. The average annual growth is 8.77%. The weekly median advertised rent is $330 for a gross rental yield of 5.28%. The average unit is on the market for 95.04 days.
According to the 2011 Census, there were 14,159 people living in Rockingham. The median household income was $901 per week with a median home loan repayment of $1,733 per month. The average resident was 44 years of age, with 2.1 persons per residence.
Why Rockingham is such a Great Place to Live
We will admit to being biased. We all live in the Rockingham area and we love it here. One of the biggest “takes” from the property report is that the median home in the Perth metropolitan area is $550,000, which is $106,000 more than the median home in Rockingham.
Rockingham is a former “sea change” destination and it still has many of the qualities and quirks that made it so popular. We see the 18.09% growth in the last three years and can only see it getting better as population increases.
To learn more, call us today: (08) 9527 1800.