Rowville suburb profile
Rowville is a family-friendly suburb located in Melbourne's southeastern region, approximately 27km from the CBD. Known for its spacious residential areas, Rowville offers a blend of suburban tranquility and modern amenities. The suburb is home to several parks and recreational facilities, including the popular Churchill National Park, providing ample opportunities for outdoor activities. Rowville's local shopping centers, schools, and community services cater to the needs of its diverse population. With easy access to major roads and public transport, Rowville is an attractive choice for families and professionals seeking a balanced lifestyle within reach of the city.
Rowville property market performance
Rowville's property market has remained stable over the past 12 months, with no change in median house and unit values. The median house price is currently $1.06 million, while the median unit price stands at $780,000. This stability reflects a balanced demand for both property types in the area.
Sales activity has been robust, with 72 houses and 17 units sold over the last 12 months. Houses are selling slightly faster than units, with a median of 25 days on the market compared to 27 days for units, indicating a healthy demand for both.
Rowville's rental market has seen significant growth, with house rents increasing by 12.5% and unit rents by 10.5% over the past year. The average rent for houses is now $675, while units average $580, highlighting strong rental demand in the suburb.
Median price - houses$1.05MPast 3 months
Median price - units$780KPast 3 months
Change in value - houses-4.1%12 months
Change in value - units-1.4%12 months
Houses sold72Past 3 months
Units sold17Past 3 months
Median DOM - houses25Past 12 months
Median DOM - units27Past 12 months
Average rent - houses$675Past 12 months
Average rent - units$580Past 12 months
Change in rent - houses12.5%Past 12 months
Change in rent - units10.5%Past 12 months
Rowville demographics
Rowville, located in Melbourne's southeastern suburbs, is a family-friendly area known for its spacious homes and community-oriented lifestyle. With a population of 33,571, the suburb is characterized by a significant proportion of couple families with children, making up 54% of the community. This highlights Rowville's appeal to families seeking a suburban environment with ample amenities and green spaces.
The median age in Rowville is 41, indicating a mature community with a mix of established families and professionals. The suburb's median total household income of $2,205 per week reflects a relatively affluent population, supported by the area's proximity to employment hubs and quality educational institutions. Rowville's housing market is predominantly owner-occupied, with 37.5% of properties owned outright and 46.8% owned with a mortgage, showcasing a stable and committed residential base.
Rental properties account for only 15.7% of the housing market, suggesting a preference for long-term homeownership among residents. The suburb's layout, featuring parks, schools, and shopping centers, caters to the needs of its family-oriented population. Rowville's blend of suburban tranquility and accessibility to Melbourne's city center makes it an attractive option for those seeking a balanced lifestyle with the conveniences of urban living.
Rowville infrastructure, key developments and investment opportunities
Rowville is undergoing significant developments that may impact its property market. The planned expansion of Stud Park Shopping Centre into a major activity center with new shops, restaurants, apartments and improved transport connections is set to enhance the suburb's amenities and potentially boost property values. Additionally, the state government's commitment to build a Rowville railway station will greatly improve public transport access.
Recent upgrades to local parks and playgrounds, as well as ongoing enhancements to sporting facilities, are making Rowville increasingly attractive to families. The suburb's proximity to major freeways like Eastlink and the Monash, coupled with its spacious newer estates and family-oriented atmosphere, continue to drive demand. These developments collectively position Rowville as a growing, well-connected suburb with strong appeal for homebuyers and investors alike.
Rowville rental market trends
The rental market in Rowville has shown robust growth, with house rents increasing 12.5% over the past year to $675 per week, while unit rents have risen 10.5% to $580 per week. With its appealing suburban lifestyle and proximity to essential amenities, Rowville continues to attract both renters and investors seeking stable returns in a well-connected area.
Suburbs near Rowville
Some popular suburbs near Rowville include: