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Rockdale, NSW 2216

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Rockdale, NSW 2216 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Rockdale, NSW 2216”

  1. The total adult population (15 years or older) of Rockdale 2216 NSW is 13,358, with a median age of 34. Of those, 47.59% are married, 10.65% are divorced or separated, 38.08% are single and 3.62% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,096. The median monthly mortgage repayment for households in this suburb is $2,167 which is 26.77% of their earnings.

    Source: ABS Census Data (2021)

  2. Brushed by the vibrant city life and sprawling vistas, the suburb of ROCKDALE, Postcode 2216, nestles within New South Wales. Housing an estimated 7557 dwellings, ROCKDALE presents a robust landscape for discerning property investors.

    As we navigate into the Q3 of 2023, the housing market of this attractive locale has taken an interesting turn. For houses, the typical prices swing around $1,467,362 AUD whilst the median weekly rent stands at $656. Although, this confluence of market prices and rent produces an indicative yield of 2.32%, which lingers below the standard 3% deemed attractive by cashflow-focused investors.

    Showcasing a social tapestry threaded by a fair economic landscape, ROCKDALE sports an IRSAD score of 1012 out of 1217, indicating a fairly secure socio-economic status within the area. Yet, the 47% renter to owner ratio may give potential investors a moment of pause, as the market risks saturation with rental properties which can dilute long-term returns.

    Painting a more complex picture is the units to houses ratio at 79%. This percentage underscores a significant dominance of units, which could lead to an oversaturated rental market, thereby increasing competition among landlords.

    An aspect of ROCKDALE’s property market that warrants vigilance is the Affordability Index. At 71 years, it’s substantially higher than the standard 30-year mortgage scenario, hinting at decreased affordability of houses in the area.

    On the supply side, ROCKDALE presents favourable conditions with stock on market Percentage for houses at a mere 0.3% and an inventory level of 1.3 months. This indicates quick absorption of new listings into a low supply market, a promising sign for sellers and investors alike.

    The building approvals Ratio stands at 0.76%, depicting a restrained but ongoing flow of new residential buildings into the market.

    A ray of optimism for sellers emanates from the fact that the average days on market for houses in ROCKDALE hovers around only 24, signalling high demand for real estate in the area. The Vacancy Rate, including both houses and units, is barely over 1%, reinforcing the high demand. However, with a buy search index of 3, the demand may be limited, which is why it’s crucial for potential buyers and investors to closely observe the ongoing market trends.

    In summary, while ROCKDALE might raise a few eyebrows in terms of yield and unit dominance, its promising social-economic score and trending market dynamics make it an intriguing prospect for astute investors. As in any property investment scenario, investigation and analysis of various metrics like the RCS (Relative Composite Score) are vital to discerning the market’s potential.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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