rowville

3178, Victoria

Real Estate & Property Information

Median
Price Rank
228

rowville Suburb Profile & Review

Rowville is a sedate suburb in Melbourne's south-east. The area has developed rapidly over the last twenty years and is home to over 30,000 residents, but remains surrounded by natural parkland, lakes and mountains.

Stud Park Shopping Centre contains a Coles supermarket, a Woolworths, Kmart and the Rowville Library. The Stringybark Festival, Australia's longest running sustainability festival, is held there every October. Wellington Village and Rowville Lakes are smaller shopping centres in the area, and both contain a variety of specialty stores.

There is one high school, Rowville Secondary College, which is split across two campuses. There are also four primary schools and one Catholic primary school, St Simons the Apostle Primary School. There is no train station and residents rely heavily on cars for transport. However, there are SmartBus routes connecting Rowville to Caulfield, Huntingdale Station, Ringwood and Frankston. EastLink and the Monash Freeway are also nearby, allowing commuters to travel conveniently into the city or out to other suburban areas.

rowville Demographic Data

$ 525,000 Median House Price

30 Minutes Average Commute

36 Median Age

34,145 Population

50.52 % Female

49.48 % Male

9494 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in rowville, Victoria.

Learn more about data
X

rowville Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

rowville Median House Prices

  • 2008 $ 403,500
  • 2009 $ 440,000
  • 2010 $ 468,000
  • 2011 $ 540,000
  • 2012 $ 525,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

Learn more about data
X

rowville 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in rowville have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term rowville property price predictions.

rowville Market Property Types

  • 95 % Seperate House
  • 4 % Semi Detached
  • 2 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

Learn more about data
X

rowville Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

rowville Income & Mortgage Stats

  • $ 1,706 Median Weekly Household Income
  • $ 1,820 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in rowville

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

Learn more about data
X

rowville Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

rowville Sold Property Prices

rowville Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

rowville Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

rowville Restaurants

  • Tosaria Cafe60 Henderson Rd rowville VIC 317803 9763 9168
  • Stamford HotelCnr Stud & Wellington Rdsrowville VIC 317803 9764 4488
  • San Marino1087 Stud Roadrowville VIC 317803 9763 3500

rowville Cafes

  • Froth & Grind22/1100 Wellington Roadrowville VIC 317803 9755 7966
  • Como Parade Cafe3 Bridgewater Wayrowville VIC 3178
  • Kelletts Cafe67 Kelletts Roadrowville VIC 317803 9763 3800

rowville Schools

  • St. Simons Primary School2 Taylors Lanerowville VIC 3178(03) 9755 4222Catholic Primary School
  • Heany Park Primary SchoolBuckingham Driverowville VIC 3178(03) 9764 5533State Primary School
  • Karoo Primary SchoolKaroo Roadrowville VIC 3178(03) 9759 6222State Primary School

rowville Childcare

  • ABC Learning Centre89-91 Liberty Avenuerowville VIC 3178
  • Kool Kids on Wellington10 Gearon Avenuerowville VIC 3178
  • Liberty Family Centre77 Liberty Avenuerowville VIC 3178

rowville Kindergarten and Preschools

  • Eildon Parade Preschool75 Eildon Paraderowville VIC 3178
  • Kellbourne Heights Kinder & CCC197-199 Murrindal Driverowville VIC 3178
  • Murrindal Kindergarten100 Murrindal Driverowville VIC 3178

rowville Sporting Centres and Clubs

  • Waverleyrowville VIC 3178Golf Course
  • Rowville Eaglesrowville VIC 3178Soccer Club
  • Kingston Linksrowville VIC 3178Golf Driving Ranges

rowville Retirement Villages

  • Peppertree Hill Villagerowville VIC 3178
  • Waterford Valley Lakesrowville VIC 3178
  • Waverley Country Clubrowville VIC 3178

Find out How Much your House is Worth in rowville

Request a free market Basic Report for rowville to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX