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Rockingham suburb profile

Rockingham is a picturesque coastal suburb located approximately 47km south of Perth, Western Australia. Known for its stunning beaches and relaxed seaside atmosphere, Rockingham is a popular destination for both residents and visitors. The suburb offers a variety of recreational activities, including swimming, snorkeling, and boating, particularly around the Shoalwater Islands Marine Park. Rockingham's vibrant community is supported by a range of amenities, including shopping centers, schools, and dining options. With its blend of natural beauty and modern conveniences, Rockingham provides an appealing lifestyle for families, retirees, and anyone seeking a coastal retreat.

Rockingham property market performance

Rockingham's property market has experienced significant growth over the past 12 months, with house values soaring by 25.7% and unit values increasing by 20.1%. The median house price has reached $695,000, while units have averaged $470,000, indicating strong demand across both property types.

Sales activity has been robust, with 85 houses and 55 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 11 days on the market and units 14 days, reflecting a competitive market environment.

The rental market in Rockingham has also seen substantial increases, with house rents rising by 16.0% and unit rents by 15.6% over the last year, highlighting strong demand for rental properties in the area.

Median price - houses$668KPast 3 months

Median price - units$472KPast 3 months

Change in value - houses27.5%12 months

Change in value - units18.1%12 months

Houses sold79Past 3 months

Units sold57Past 3 months

Median DOM - houses12Past 12 months

Median DOM - units13Past 12 months

Average rent - houses$580Past 12 months

Average rent - units$530Past 12 months

Change in rent - houses11.5%Past 12 months

Change in rent - units17.8%Past 12 months

Rockingham demographics

Rockingham, located in Western Australia, is a coastal suburb known for its beautiful beaches and relaxed lifestyle. With a population of 15,312, it offers a serene environment that attracts both families and retirees. The median age of 49 indicates a mature community, with many residents enjoying the suburb's natural beauty and slower pace of life. Rockingham's proximity to the coast makes it a popular destination for those seeking a seaside lifestyle, with plenty of opportunities for water-based activities and outdoor recreation.

The suburb's housing market is diverse, with a significant portion of properties owned outright (34.8%), reflecting a stable community with long-term residents. Additionally, 27.1% of properties are owned with a mortgage, while 38.2% are rented, indicating a mix of stability and flexibility for those looking to settle in the area. The presence of couple families without children (49.0%) and one-parent families (18.8%) highlights the suburb's appeal to a variety of family structures.

Rockingham's median total household income of $1,169 per week suggests a modest yet comfortable living standard, suitable for those seeking affordability without sacrificing quality of life. The suburb's community-oriented atmosphere, combined with its scenic coastal setting, makes it an attractive option for individuals and families looking to enjoy a peaceful and fulfilling lifestyle away from the hustle and bustle of city life.

Rockingham infrastructure, key developments and investment opportunities

Rockingham is experiencing significant developments that could impact its property market. The Rockingham Foreshore redevelopment is enhancing the area's appeal with new parks, jetties, and oceanfront dining options, potentially boosting property values in the vicinity. Additionally, the expansion of the Murdoch University Rockingham campus is attracting more students and staff to the area, which may increase demand for rental properties.

Infrastructure improvements include the proposed Rockingham Light Rail service, which aims to connect the railway station with the city center and foreshore, potentially improving accessibility and property desirability along the route. The ongoing development of the Rockingham Strategic Metropolitan Centre is also set to create more local job opportunities and amenities. These projects, combined with Rockingham's coastal lifestyle and proximity to Perth, are likely to sustain strong interest in the local property market.

Rockingham rental market trends

The rental market in Rockingham is experiencing robust growth, with house rents increasing 16.0% over the past year to $580 per week, while unit rents have risen 15.6% to $520 per week. This coastal suburb continues to attract renters and investors alike, offering a blend of lifestyle and investment potential with its appealing amenities and proximity to Perth.

Suburbs near Rockingham

Some popular suburbs near Rockingham include:

Common questions about Rockingham

  • Is Rockingham a nice place to live?

    Rockingham is a delightful coastal suburb that offers a serene and picturesque lifestyle, making it a wonderful place to call home. With its stunning beaches and relaxed seaside atmosphere, it provides a perfect backdrop for those who appreciate the beauty of nature. The suburb is known for its vibrant community spirit, which is supported by a variety of amenities such as shopping centers, schools, and dining options. Families will find Rockingham particularly appealing due to its family-friendly environment and the abundance of recreational activities available, including parks and green spaces for children to play and explore.

    Safety is generally not a major concern in Rockingham, contributing to its appeal as a peaceful place to live. The suburb's proximity to Perth offers the convenience of city access while maintaining a tranquil coastal vibe. However, one trade-off to consider is that while Rockingham offers a relaxed lifestyle, it may not have the same level of nightlife and cultural activities as more urban areas. Nonetheless, the ongoing developments, such as the Rockingham Foreshore redevelopment and infrastructure improvements, are enhancing the area's appeal and accessibility, potentially increasing property values and local amenities.

    For families, Rockingham provides a nurturing environment with a strong sense of community and a variety of family structures. The suburb's affordability and quality of life make it an attractive option for those seeking a coastal retreat without the hustle and bustle of city life. While it may lack the fast-paced excitement of inner-city living, Rockingham more than makes up for it with its natural beauty, community-oriented atmosphere, and the promise of a fulfilling lifestyle by the sea.

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  • Is it expensive to live in Rockingham?

    Living in Rockingham can be considered relatively affordable compared to other suburbs in the Perth area. The current median house price is $695,000, and for units, it's $470,000. These figures are quite reasonable when you consider the proximity to the coast and the lifestyle benefits that come with it. Renting in Rockingham is also fairly accessible, with the average rent for houses at $580 per week and units at $520 per week.

    When we look at the income data, the average wage in Rockingham is around $85,000 per year, which aligns well with the median total household income of $1,169 per week. This suggests that the cost of living, particularly in terms of housing, is manageable for those earning the average wage in the area. Compared to the broader Perth region, Rockingham offers a good balance of affordability and quality of life, making it an attractive option for those looking to enjoy coastal living without the hefty price tag of inner-city suburbs.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Rockingham a good place to invest?

    Rockingham is showing promising signs as a good place to invest, especially with the impressive growth in property values and rental returns over the past year. The suburb has experienced a significant 25.7% increase in median house values and a 20.1% rise in unit values, indicating strong demand and a thriving property market. This kind of growth suggests that Rockingham is becoming increasingly attractive to both buyers and investors, likely due to its appealing coastal lifestyle and proximity to Perth.

    In addition to property value appreciation, Rockingham has also seen a notable increase in rental prices, with house rents climbing by 16.0% and unit rents by 15.6% over the last 12 months. This trend highlights the suburb's potential for generating solid rental income, making it an appealing option for investors seeking consistent returns. The combination of rising property values and rental demand suggests that Rockingham is well-positioned for continued growth, offering a balanced mix of capital appreciation and rental yield potential.

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