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Rockbank, VIC 3335
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$630,000
market range $575K-$700K
Median Unit
$530,000
market range $500K-$575K
Gross Yield (units)
4.3%
1yr Growth (houses)
+1.4%
market range +0.0% to +17.5%
Investment snapshot for Rockbank
Rockbank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Rockbank market and investor summary
In Rockbank, VIC 3335, the median house sells for around $630K. House prices have moved +1.4% over the past year and -0.2% over three years. At 4.9% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 4.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 69 days on market, so plan for a slower exit if you ever need one.
Living in Rockbank: people, income and schools
Rockbank is home to around 2,583 people, and the area has been growing steadily, up about 169% over five years. At a median age of 31, it reads as younger than the national median.
The typical household income runs to around $93,000 a year (about $1,780 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.8 times local household income, in line with much of metropolitan Australia.
Families have 9 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Rockbank sits about 28 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,583
- +169% over 5yr
- Median age
- 31 years
- Median household income
- $93,000/yr
- Households renting
- 33%
- Family households
- 42%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 9
- avg ICSEA 1048
- Unemployment
- 5.5%
- Distance to CBD
- 28 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Rockbank
View all →Frequently asked questions about Rockbank
What should I check before investing in Rockbank?
Rockbank has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Rockbank?
The median property price in Rockbank, VIC 3335 is $630K for houses and $530K for units.
What rental yield does Rockbank show?
The gross rental yield in Rockbank is 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Rockbank?
House prices in Rockbank are up 1.4% over the past year and down 0.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Rockbank?
The current vacancy rate in Rockbank is 4.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Rockbank?
Rockbank has a population of approximately 2,583 residents, with a median age of 31.
What schools are near Rockbank?
There are 9 schools within roughly 5km of Rockbank. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Rockbank affordable to buy in?
A median house in Rockbank costs about 6.8 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Rockbank's population growing?
The population of Rockbank has grown about 169% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Rockbank from the CBD?
Rockbank is about 28 km from the CBD.
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