Real Estate Romsey Vic 3434

Real Estate Market: Is Romsey VIC 3434 a Good Suburb to Buy Into?

Housing Market in Romsey

Key Romsey Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$562	Bottom 44%	144% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Romsey

Romsey Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Romsey

33.6%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	164	Top 16%	to Jun 2025
Developments	0.7	Bottom 30%	Data for Jul 2023
Housing Stock Quality Indicator	63.9	Top 10%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	2 lots	Bottom 19%	33% to Jul 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	13	Top 12%	62% to Mar 2025

Housing Stock Quality in Romsey

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	97.1%	Bottom 31%	0% to Jan 2021
Average bedrooms - all homes	2.7	Top 30%	6% to Jan 2021
NBN connection: fibreoptic cable to node	6.8%	Top 17%	Data for Jun 2023

Development Restrictions in Romsey

Romsey Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Romsey

24.4%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	6.9 sq km	Bottom 48%	Data for Jan 2021
Heritage overlay total area	0.9 sq km	Top 12%	Data for Jun 2023
Residential density	948 sqm per resident	Bottom 43%	Data for Jan 2021

Risk in Romsey

Romsey Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Romsey

37.7%

Melbourne

60.4%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	92.7%	Top 48%	0% to May 2023
% Rentals	7.3%	Bottom 48%	11% to May 2023
Housing Affordability Index	32	Bottom 47%	Data for Jun 2023
Median monthly mortgage	$1,910	Bottom 48%	14% to May 2023
Rent Affordability Index (Houses)	84	Top 15%	Data for Jun 2023
Rent Affordability Index (Units)	79	Top 30%	Data for Jun 2023
Mortgage as a percent of income	21.4%	Bottom 45%	11% to Jan 2021
Mortgaged Dwellings	62.5%	Top 6%	13% to May 2023

Housing Demand in Romsey

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Romsey

60.5%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	14700	Top 38%	36% to Dec 2036
Historical Population (SA3)	34300	Bottom 19%	45% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	58600	Top 24%	57% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Romsey

Romsey Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$439	Bottom 36%	137% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	71.2%	Bottom 47%	33% to Mar 2025

Accommodation Options (7)

Realtors (2)

Headline	Place	Datetime
Ray White Romsey	Unit 9 111 Main St
North Western Valuation Services	117 Main St

Businesses (58)

Name	Address
Newearth Constructions	45A Murphy St, Romsey VIC 3434, Australia
Contech Bobcat Services	16 William St, Romsey VIC 3434, Australia
Earthline Excavations	8 Whelans Pl, Romsey VIC 3434, Australia
TCC Real Estate \| Romsey	102 Main St, Romsey VIC 3434, Australia
Grange Real Estate	9/111 Main St, Romsey VIC 3434, Australia

LGA Details (1)

Headline	Place	Datetime
Local government area	Macedon Ranges

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
32 Casuarina Dr	$750,000	4.0	2.0	2.0	27 Mar 2025	On Market
5 Boyd Ct	$1,005,000	5.0	2.0	2.0	26 Mar 2025	On Market
49 Greenfields Bvd	Price Withheld	4.0	2.0	2.0	16 Mar 2025	On Market
49 Greenfields Bvd	$975,000	4.0	2.0	2.0	16 Mar 2025	On Market
28 Triandra Ave	Price Withheld	4.0	2.0	2.0	05 Mar 2025	On Market

Planning Applications: Other (52)

Headline	Place	Date
Use and development for a Childcare Centre (Amendment sought to amend condition 1a to remove requirement for acoustic rating fence to western boundary). - Macedon Ranges Shire Council PLN/2020/438/A	27 Silverdale Drive Romsey VIC 3434	27 Feb 2025
In accordance with the endorsed plans: Use and development of the land of the land for a childcare centre and a medical centre. (Amendment sought to replace the Medical Centre to a Kindergarten) - Macedon Ranges Shire Council PLN/2019/279/B	2 Poplar Drive Romsey VIC 3434	29 Jan 2025
In accordance with the endorsed plans: Development of the Land for a Supermarket and a Shop, Alteration of access in Transport Zone 2, Use of the Land for Licensed Premises (the sale of packaged liquor) and Display of Business Identification Signage including Internally Illuminated Signage (Secondary Consent sought to make changes to endorsed architectural and landscape plans) - Macedon Ranges Shire Council PLN/2022/277/A	51-53 Main Street Romsey VIC 3434	19 Aug 2024
Variation to Covenant AC886549N to Delete Paragraphs (g) and (j) - Macedon Ranges Shire Council PLN/2024/274	32 Sullivan Court Romsey VIC 3434	17 Aug 2024
Use and Development of the Land for a Utility Installation and Associated Buildings and Works - Macedon Ranges Shire Council PLN/2024/200	28 Glenfern Road Romsey VIC 3434	22 Jun 2024

Planning Applications: Dwellings (46)

Headline	Place	Date
Use of the land for a host farm and construction of a dwelling - Macedon Ranges Shire Council PLN/2025/30	Black Range Road, Romsey VIC 3434	14 Feb 2025
Development of a Dwelling (Amendment sought to change the front & rear setbacks) - Macedon Ranges Shire Council PLN/2024/147/A	12 Liquidamber Drive Romsey VIC 3434	20 Jan 2025
Subdivision of land into three (3) lots. Development of a dwelling and removal of vegetation - Macedon Ranges Shire Council PLN/2024/425	12 Todd Lane Romsey VIC 3434	09 Jan 2025
Two (2) Lot Subdivision and Development of One (1) Dwelling - Macedon Ranges Shire Council PLN/2024/403	37 Murphy Street Romsey VIC 3434	12 Dec 2024
External painting of dwelling, fence, garage and outbuilding (Retrospective) - Macedon Ranges Shire Council PLN/2024/183	139 Main Street Romsey VIC 3434	15 Jun 2024

Planning Applications: Industrial (2)

Headline	Place	Date
Use and Development of a warehouse (Secondary Consent sought to endorse new civil plans (Sormwater)) - Macedon Ranges Shire Council PLN/2020/60/B	3/8 Mitchell Court Romsey VIC 3434	24 Oct 2023
Use and Development of a warehouse (Secondary Consent sought to add an exit door to building) - Macedon Ranges Shire Council PLN/2020/60/A	3/8 Mitchell Court Romsey VIC 3434	29 Aug 2023

Median House Rental Prices by Street (8)

Level_0	Street	Date	Median rent (per week)
111134	Banksia Ct	30 Mar 2025	$462
111143	Barry St	30 Mar 2025	$515
112120	Regan Dr	30 Mar 2025	$520
112408	White Ave	30 Mar 2025	$435
111834	Main St	30 Mar 2025	$490

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
170.6%	Maple Dr	very high turnover	Every 5.9 years (very high turnover)	2025
55.6%	Ochiltrees Rd	quite tightly held	Every 18.0 years (quite tightly held)	2025
60.5%	Coleraine Dr	quite tightly held	Every 16.5 years (quite tightly held)	2025
61.5%	Collier Cl	quite tightly held	Every 16.2 years (quite tightly held)	2025
72.7%	Digby Dr	average turnover	Every 13.8 years (average turnover)	2025

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$465,000	Barry St
10 May 2024	$317,500	Conner Ct
10 May 2024	$442,500	Murphy St
10 May 2024	$485,000	Regan Dr
10 May 2024	$605,000	Roger St

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Poplar Dr	10 May 2024	$827,000
Murphy St	10 May 2024	$652,500
Shaw Dr	10 May 2024	$780,000
Regan Dr	10 May 2024	$680,000
Redwood Ct	10 May 2024	$715,000

Percent of Renters by Street (100)

Percent of Renters	Street
26.2%	Acacia Ct
51.8%	Ash Ct
21.0%	Banksia Ct
20.7%	Barry St
0.0%	Bella Vista Pl

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
6 Pohlman St	$430	2	1	0	27 Mar 2025
195 Ochiltrees Rd	$1,350	3	2	10	17 Mar 2025
195 Ochiltrees Rd	$1,350	3	2	10	17 Mar 2025
195 Ochiltrees Rd	$1,350	3	2	10	17 Mar 2025
195 Ochiltrees Rd	$1,350	3	2	10	17 Mar 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 6, 128 Barry St	$470	3.0	2.0	1.0	21 Feb 2025
Unit 6, 128 Barry St	$470	3.0	2.0	1.0	21 Feb 2025
Unit 6, 128 Barry St	$470	3.0	2.0	1.0	21 Feb 2025
Unit 6, 128 Barry St	$470	3.0	2.0	1.0	21 Feb 2025
Unit 6, 128 Barry St	$470	3.0	2.0	1.0	21 Feb 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
4 Conner Ct	$318,000	0.0	0.0	0.0	04 Mar 2025	On Market
Unit 17, 97b Barry St	$530,000	3.0	2.0	2.0	04 Mar 2025	On Market
4 Conner Ct	$318,000	0.0	0.0	0.0	04 Mar 2025	On Market
Unit 17, 97b Barry St	$530,000	3.0	2.0	2.0	04 Mar 2025	On Market
Unit 17, 97b Barry St	$530,000	3.0	2.0	2.0	04 Mar 2025	On Market