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Rochester, VIC 3561

Home » VIC Real Estate Data » Campaspe Shire, VIC » Rochester, VIC 3561

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 Rochester, VIC 3561 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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3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

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Yield 

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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 “Rochester, VIC 3561”

  1. The total adult population (15 years or older) of Rochester 3561 VIC is 2,702, with a median age of 53. Of those, 46.37% are married, 15.28% are divorced or separated, 28.98% are single and 9.59% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,756. The median monthly mortgage repayment for households in this suburb is $1,083 which is 18.82% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Rochester 3561, nestled in Victoria, is home to an estimated 1812 households. As we look at the housing market data for this area in Q3 2023, we can see several compelling factors which may affect potential investments.

    Reflecting on the pricing, the typical cost for houses in Rochester lands at $465,646, which, coupled with a median weekly rent of $300, provides an indicative yield of 3.35%. This yield is marginally over the preferred threshold for cashflow-centered property investors, marking the suburb as a viable consideration for those focusing on cashflow investments.

    Rochester boasts an IRSAD score of 899 out of 1217, showing a considerable access to economic resources and a higher socio-economic standing, which often denotes more affluent residents and a desirable ‘vibe’ for the neighbourhood.

    The renter to owner ratio stands at 19%, which is considered a favourable range as markets oversaturated with rental properties often yield lower returns in the long term. On the flip side, the unit to house ratio is at a minimal 6%, further aiding to maintain a balanced blend of owner occupiers and renters, and boosting the appeal for long-term tenancy, often perceived as the key for stable rental return for landlords.

    The affordability index, however, sits at 32 years – slightly above standard mortgage terms. This could mean that home buyers in this suburb may have to work for a touch longer period of time to fully own a property.

    From a supply perspective, stock on market Percentage for houses is 0.25%, and the inventory level for houses stands at 1.55 months, revealing low supply market conditions in the suburb – a generally favourable sign for market demand. The building approvals Ratio for houses indicates no new supply adding to the market, which aids in maintaining balanced market conditions.

    Digging into demand metrics, the days on market count is pegged at 51; a tad higher than the optimal range but still reasonably average. The vacancy rate, a sign of housing demand, sits at a very low 0.29% suggesting high demand. However, the buy search index for houses comes in at 3, just meeting the baseline for adequate demand.

    In conclusion, Rochester 3561 presents a mix of favourable and neutral market conditions. While aspects like a high affordability index and moderately average days on market could be improved, the strong socio-economic standing, favourable renter-to-owner ratio, low supply, and high demand make it a serious contender for property investors. As always, understanding the comprehensive real estate data is key to making crucial investment decisions.

    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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