Rochester is a smaller suburb in Victoria within the Campaspe local government area (postcode 3561). With a population of 3,154, the suburb has a mature demographic with a median age of 53. Households earn a median income of $56K per year, with an average household size of 2.2 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Rochester is $300,000, having surged 14.3% over the past year. The current median weekly rent is $414. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,083.
Rochester is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 rail stations, 21 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
From an investment perspective, Rochester offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($300K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +14.3% year-on-year.
Rochester is a smaller suburb in Victoria within the Campaspe local government area (postcode 3561). With a population of 3,154, the suburb has a mature demographic with a median age of 53. Households earn a median income of $56K per year, with an average household size of 2.2 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Rochester is $300,000, having surged 14.3% over the past year. The current median weekly rent is $414. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,083.
Rochester is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 rail stations, 21 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
From an investment perspective, Rochester offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($300K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +14.3% year-on-year.