roxburgh park

3064, Victoria

Real Estate & Property Information

Price Rank

roxburgh park Suburb Profile & Review

Roxburgh Park is certainly new by Melbourne's standards. This popular and family friendly community was developed in the 1990s. Its modern homes, industrial corridors and rural blocks are surrounded by vast green parks such as Shankland Gardens, Homestead Park and Rostron Reserve. Greenvale Reservoir and Greenvale Reservoir Park border the western edge of the suburb, and boast facilities for picnics, walking and barbeques.

Find a homemaker centre at the Roxburgh Park Shopping Centre on Pascoe Vale Road in addition to two supermarkets, an ANZ bank and other specialty stores. The Roxburgh Homestead Shopping Centre near Homestead Park houses bakeries, cafes, takeway shops and an IGA supermarket.

Roxburgh Park is serviced by two major medical clinics; the Somerton Road Medical Centre and the Roxburgh Park Superclinic. You will also find five schools in the area, including Roxburgh College, a large public secondary school. A simple drive along the Western Ring Road and Tullamarine Freeway leads into the Melbourne CBD in thirty minutes, while regular commuters can catch train services from Roxburgh Park Station to Flinders Street on the Craigieburn line.

roxburgh park Demographic Data

$ 360,000 Median House Price

30 Minutes Average Commute

28 Median Age

19,235 Population

50.92 % Female

49.08 % Male




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 roxburgh park, Victoria.

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roxburgh park 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.

roxburgh park Median House Prices

  • 2008 $ 281,000
  • 2009 $ 295,000
  • 2010 $ 340,000
  • 2011 $ 370,750
  • 2012 $ 360,000

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.

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roxburgh park 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 roxburgh park 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 roxburgh park property price predictions.

roxburgh park Market Property Types

  • 63 % Seperate House
  • 36 % Semi Detached
  • 1 % 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.

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roxburgh park 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.

roxburgh park Income & Mortgage Stats

  • $ 1,242 Median Weekly Household Income
  • $ 1,733 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 roxburgh park

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.

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roxburgh park 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.

roxburgh park Sold Property Prices

roxburgh park 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.

roxburgh park Related Local Blog Posts

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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?

Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

Melbourne’s Daily Average Visitors Nearing 1 Million

According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years

Is Housing Affordability Creating A Gap Between The Rich and The Poor?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

roxburgh park Restaurants

  • Roxburgh Park HotelCnr Somerton Rd and Pascoe Vale Rdroxburgh park VIC 306403 9305 2900
  • Ottoman Kebabs4/250 Somerton Rd roxburgh park VIC 306403 9305 3677
  • Homestead Pizza101 Ravenhill Boulevardroxburgh park VIC 306403 9305 4457

roxburgh park Cafes

  • Top Of The HarbourShop 3, 250 Somerton Roadroxburgh park VIC 306403 9308 8226
  • Cafe On The RoxU4/ 2-10 Reservoirroxburgh park VIC 30640430 545 800

roxburgh park Schools

  • Good Samaritan Primary SchoolSouthern Cross Driveroxburgh park VIC 3064(03) 9308 6177Catholic Primary School
  • Roxburgh Homestead Primary SchoolMcPherson Boulevardroxburgh park VIC 3064(03) 9305 1688State Primary School
  • Roxburgh Park Primary SchoolAlmands Averoxburgh park VIC 3064(03) 9303 9335State Primary School

roxburgh park Childcare

  • ABC Learning Centre61 Sommeville Drroxburgh park VIC 3064
  • Homestead Child & Family CtrHomestead Runroxburgh park VIC 3064
  • Roxburgh Park Community House & Childrens Ctr2-4 Perry Ctroxburgh park VIC 3064

roxburgh park Kindergarten and Preschools

  • Bluebird Way PreschoolBluebird Wayroxburgh park VIC 3064
  • Homestead PreschoolHomestead Runroxburgh park VIC 3064

roxburgh park Sporting Centres and Clubs

  • Roxburgh Park Recreation Centreroxburgh park VIC 3064Indoor Sports Venue
  • Roxburgh Park Skate Ramproxburgh park VIC 3064Skate Park Facility

roxburgh park Retirement Villages

  • Bridgewater Lakeroxburgh park VIC 3064

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