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Rochester suburb profile

Rochester is a charming rural town in Victoria, situated along the Campaspe River and known for its strong agricultural roots. Located approximately 180km north of Melbourne, it offers a peaceful lifestyle with a close-knit community feel. The town is celebrated for its vibrant murals and public art, which add a unique cultural touch to its streets. Rochester provides essential amenities, including schools, shops, and healthcare facilities, making it a convenient place for families and retirees. Its proximity to natural attractions and regional centres enhances its appeal as a serene yet connected place to call home.

Rochester property market performance

Rochester's property market has experienced a significant surge in house values over the past 12 months, with a remarkable 46% increase, bringing the current median house price to $420,000. However, the unit market remains inactive, with no sales or price changes recorded. Over the last three months, 18 houses were sold, but properties are taking longer to sell, with a median of 198 days on the market, indicating a slower pace in buyer decision-making.

The rental market for houses in Rochester has remained stable, with an average rent of $450 over the past year and no change in rental prices. The unit rental market is non-existent, reflecting the lack of activity in this segment. Overall, Rochester's housing market shows strong growth potential, despite the extended time properties spend on the market.

HousesUnits
Median price
Past 3 months
$435KN/A
Change in value
Past 12 months
22.8%N/A
Sold
Past 3 months
241
Median days on market
Past 12 months
182N/A
Average rent
Past 12 months
$450N/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Rochester demographics

Rochester, located in Victoria, is a charming rural town known for its strong sense of community and relaxed lifestyle. With a population of 3,154, it offers a peaceful environment that appeals to retirees and families alike. The median age of 53 indicates a mature population, with many residents enjoying the slower pace of life that Rochester provides. The town's proximity to the Campaspe River and its rich agricultural surroundings contribute to its appeal for those seeking a connection to nature and a more laid-back way of living.

Housing in Rochester is predominantly owner-occupied, with 51.8% of properties owned outright, reflecting a stable and established community. This high rate of outright ownership suggests that many residents have settled in Rochester for the long term, enjoying the benefits of home ownership without the burden of a mortgage. Additionally, 28.2% of properties are owned with a mortgage, while only 20% are rented, indicating a lower turnover of residents and a strong sense of permanence within the community.

Family structures in Rochester are diverse, with couple families without children making up 52.4% of the population, followed by couple families with children at 30.2%. One-parent families account for 15.2%, and other family types make up a small 2.2%. This distribution highlights Rochester's appeal to both families and retirees, offering a supportive environment for raising children or enjoying retirement. The median total household income of $1,073 per week reflects the town's modest cost of living, making it an attractive option for those seeking affordability without sacrificing quality of life.

Suburbs near Rochester

Some popular suburbs near Rochester include:

How does Rochester compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Rochester have grown 20.8% higher than in Tongala.
  • Selling speed for houses: Properties in nearby Elmore are selling 53.3% faster than in Rochester.

Choose the right real estate agents in Rochester

Currently, there are 10 real estate agents working in Rochester—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 10 agents sold 92.0% of all properties in Rochester over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Rochester typically charge a commission of 2% to 3.13%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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