Rowville is a large suburb in Victoria within the Knox local government area (postcode 3178). With a population of 33,571, the suburb has an established demographic with a median age of 41. Households earn a median income of $115K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Rowville is $1.1 million, having declined 3.2% over the past year. Units have a median price of $690,000 (-4.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,055.
Rowville is served by 6 schools, including 5 primary, 1 secondary. The average ICSEA score is 1070, which is above the national average of 1,000. Public transport access includes 138 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Rowville offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved -3.2% year-on-year.
Rowville is a large suburb in Victoria within the Knox local government area (postcode 3178). With a population of 33,571, the suburb has an established demographic with a median age of 41. Households earn a median income of $115K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Rowville is $1.1 million, having declined 3.2% over the past year. Units have a median price of $690,000 (-4.8% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,055.
Rowville is served by 6 schools, including 5 primary, 1 secondary. The average ICSEA score is 1070, which is above the national average of 1,000. Public transport access includes 138 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Rowville offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved -3.2% year-on-year.