Rockbank is a smaller suburb in Victoria within the Melton local government area (postcode 3335). With a population of 2,583, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $93K per year, with an average household size of 2.6 people. The most common occupations are machinery operators & drivers, professionals, clerical & administrative. The top ancestries reported are Indian, Australian, English.
The median house price in Rockbank is $635,000, having risen modestly 1.6% over the past year. Units have a median price of $516,000 (-6.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,800.
Rockbank is served by 1 school, including 1 primary. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Rockbank offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($635K/$875K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +1.6% year-on-year.
Rockbank is a smaller suburb in Victoria within the Melton local government area (postcode 3335). With a population of 2,583, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $93K per year, with an average household size of 2.6 people. The most common occupations are machinery operators & drivers, professionals, clerical & administrative. The top ancestries reported are Indian, Australian, English.
The median house price in Rockbank is $635,000, having risen modestly 1.6% over the past year. Units have a median price of $516,000 (-6.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,800.
Rockbank is served by 1 school, including 1 primary. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Rockbank offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($635K/$875K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +1.6% year-on-year.