Question 1

Is Rosanna a nice place to live?

Accepted Answer

Rosanna is a leafy north-eastern Melbourne suburb built around the compact Rosanna Village shopping strip beside Rosanna station on the Hurstbridge line. Streets mix interwar and postwar cottages, many renovated, with pockets of contemporary townhouses, so the area suits families, professionals and downsizers. Daily life centres on local cafés, bakeries and convenience shops, with neighbourhood parks, walking and cycling trails and local schools close by, and the train line and arterial roads make getting around straightforward.

Rosanna has 8,616 residents and a median age of 41, and families are prominent. Homes are largely owner-occupied (77%), which contributes to a settled feel. Recent transport and precinct work reshaped the station area, and the redeveloped multi-level Rosanna Library includes expanded children's spaces, co-working and maternal and child health services; the suburb is also near the Austin Hospital cluster in Heidelberg.

Question 2

Is it expensive to live in Rosanna?

Accepted Answer

At a median house price of $1,282,000, buying a house in Rosanna works out to about 11.1 times a typical local annual household income as recorded at the most recent Census (weekly median household income $2,213, which is $115,076 a year). In rental terms, a house renting for $695 a week would take about 31.4% of that weekly household income, a sizeable share, while a unit at $525 a week would take about 23.7%, a moderate share. On these figures, buying sits well above what a typical local household earned at the last Census, while renting — particularly a unit — looks less stretched against those incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Rosanna a good place to invest?

Accepted Answer

Over the past 12 months Rosanna shows a split between houses and units. Median house values rose 2.7%, a modest increase, while house rents climbed 6.9%, a solid rise, so rental income for houses grew faster than their capital value over the year. By contrast, median unit values fell 2.6%, a moderate decline, while unit rents increased 5.0%, a solid gain — unit rents rose even as unit prices eased. If you are weighing Rosanna up as an investment, the figures point to modest capital growth on the house side with stronger rent growth, and to rising unit rents alongside a small fall in unit values; whether that suits your goals depends on your priorities.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.28M	N/A
Change in value Past 12 months	2.7%	-2.6%
Sold Past 3 months	30	7
Median days on market Past 12 months	40	14
Average rent Past 12 months	$695	$525
Change in rent Past 12 months	6.9%	5.0%

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