Rosedale is a small community in Victoria within the Wellington local government area (postcode 3847). With a population of 1,729, the suburb has a mature demographic with a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Rosedale is $452,000, having declined 4.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,200.
Rosedale is served by 1 school, including 1 primary. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 2 rail stations, 2 bus stops. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Rosedale offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($452K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -4.8% year-on-year.
Rosedale is a small community in Victoria within the Wellington local government area (postcode 3847). With a population of 1,729, the suburb has a mature demographic with a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Rosedale is $452,000, having declined 4.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,200.
Rosedale is served by 1 school, including 1 primary. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 2 rail stations, 2 bus stops. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Rosedale offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($452K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -4.8% year-on-year.