Rowville is a well-populated suburb in Victoria within the Knox local government area (postcode 3178). The area has roughly 33,571 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Chinese.
Rowville has a median house price of $1.1 million, which has ticked up by 0.5% year-on-year. Units have a median price of $586,000 (-15.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.2%. 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.
Looking at the investment signals, Rowville shows a gross rental yield of approximately 3.2%, rated as moderate 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 +0.5% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.