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Romsey, VIC 3434
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$850,000
market range $800K-$875K
Median Unit
$540,000
market range $500K-$575K
Gross Yield
-
1yr Growth (houses)
+4.3%
market range -2.5% to +10.0%
Investment snapshot for Romsey
Romsey has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Romsey market and investor summary
In Romsey, VIC 3434, the median house sells for around $850K. House prices have moved +4.3% over the past year. At 1.1% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Romsey: people, income and schools
Romsey has a resident population of roughly 5,797, and the area has been growing steadily, up about 9% over five years. At a median age of 38, it reads as broadly working-age, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $108,000 a year (about $2,070 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 7.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Romsey sits about 55 km from the CBD. It is fairly car-dependent; the suburb scores 2 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,797
- +9% over 5yr
- Median age
- 38 years
- Median household income
- $108,000/yr
- Households renting
- 11%
- Family households
- 81%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1011
- Unemployment
- 1.9%
- Distance to CBD
- 55 km
- Walk score
- 2/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Romsey
No properties currently listed in Romsey
Search Romsey listings →Frequently asked questions about Romsey
What should I check before investing in Romsey?
Romsey has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.3% in the past year shows positive recent price momentum. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Romsey?
The median property price in Romsey, VIC 3434 is $850K for houses and $540K for units.
What does recent house price growth show for Romsey?
House prices in Romsey are up 4.3% over the past year. 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 Romsey?
The current vacancy rate in Romsey is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Romsey?
Romsey has a population of approximately 5,797 residents, with a median age of 38.
What schools are near Romsey?
There are 2 schools within roughly 5km of Romsey. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Romsey affordable to buy in?
A median house in Romsey costs about 7.9 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 Romsey's population growing?
The population of Romsey has grown about 9% 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 Romsey from the CBD?
Romsey is about 55 km from the CBD.
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