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Rowville is a suburb not very far from Melbourne in Victoria, Australia. This locality has experienced a slight decline in population over the last few years; however, it remains a very viable real estate market for investors. This is because the market has witnessed 7.54% capital gains over the last 12 months.

The gains were much lower than surrounding suburbs but still represented a healthy increase. The suburb has also experienced a growth in the median home prices which were also lower than gains recorded in previous years. Ranked as the 561st best locality with the biggest capital gains over the last five years, buying a property here appears to be a good business proposition.

Besides enjoying positive property value appreciation, renters are also doing quite well in Rowville. Over the past year, they have enjoyed a 2.77% rental increase, with the average weekly rental rate for a home standing at $490. Units and apartments cost much less, but overall, owners of rented properties earn consistent income since their assets don’t stay unoccupied for long provided it is in good condition.

With a total landmass of 21.7 square kilometers and 29 parks covering just 9% of the area, there is sufficient space for property development. And as more properties are been built, experts believe that the population will rebound and stem the decline that has been ongoing for years.

Here are some other important market data about Rowville

• The average mortgage repayment ranges from $1800-$2399
• The largest age group bracket is 50-59 years
• More than 84% of homes in the area are owner-occupied

Buying a property in Rowville or any other part of Victoria requires the services of a property conveyancer. While you can conduct your business without the expertise, it pays to hire a conveyancer for several reasons.

The legal process involved in completing the sale of assets is in stages, and each stage comes with its own complexities. Handling the paperwork and ensuring that you meet your obligations as a buyer or seller is not as easy as it seems. In fact, you may not even know that your obligations are even if you are given a document explaining them.

However, a property conveyancer can help you not only to understand what your obligations are but also to ensure that you meet them accordingly. Conveyancers also do property evaluation and inspection on behalf of their clients and help them prepare the settlement process to finally close the sale.

More importantly, a conveyancer can help you prepare all the necessary documents and ensure that your details are accurate and properly filed. So if you end to protect your interest when selling or buying a property in Rowville, it will be in your best interest to hire qualified conveyancers to help you out.  Their services are generally quite affordable, and they help you with the paperwork while helping you reduce the possibility of making mistakes along the line.

If you want access to the best conveyancing services, look no further than LEAD Conveyancing.

Rowville is a Melbourne suburb in Victoria, Australia, with a population of over 33,000 residents. The suburb’s local government is in the city of Knox, and Rowville lies 27 km to the southeast of the central business district. This part of Melbourne has an illustrious history dating back 200 years.

According to historical accounts, it was named after a family that once lived here called the Row family. The Row family had a property in the area in 1882 called Stamford Park. The property was a homestead that fell into bad shape until the city council restored it. In terms of size, Rowville is one of the biggest suburbs in south Melbourne and also has one of the highest numbers of parks.

On December 20, 1905, a Post Office was opened but closed in 1987. Two years later, as the city continued to develop, a shopping centre was opened in Stud Park, an area that has remained widely visited till this day.

Rowville experienced slow growth until the late 80s, when it began to develop at a rapid pace. The development extended well into the 90s as factories and residential buildings began to dominate the scene. However, Rowville is still behind other suburbs in Melbourne in terms of development. It still has a long way to go to meet up with other localities, but the growth recorded has been encouraging.

There are several estate ls and shipping centers in the area like Wellington Village centre on Wellington road, Rowville Lakes shopping centre, Timbertop estate, Sovereign Crest estate, and many more. The area is also the site of the famous Stringybank Festival, known to attract more than 25,000 visitors every year. There are also regular golf tournaments hosted in the three golf courses in the area.

Suburbs close to Rowville include

• Mulgrave
• Endeavour Hills
• Lysterfield South
• Ferntree Gully
• Wheelers Hill
• Scoresby
• Dandenong 

Rowville is an exciting place to be as there are so many side attractions that will keep you occupied when you are outdoors. Here are some exciting things to do.

Tirhatuan Park

Rowville has 29 parks, and Tirhatuan park is one of the most visited. This park is a natural habitat for animal and plant species. Many come here to experience nature in its rawest form, and you can do likewise. The best time to visit is when the sun is up. Should the weather become too hot, you can always relax under one of many shaded trees 

Sutton Lake

Rowville may not have amazing beaches, but Sutton Lake offers you something close to a beach experience. The area is pleasant, with cool, calm breeze blowing through 24 hours a day. There are relaxation spots here where you can relax and enjoy the wonders of nature.

Stud Park

Stud Park is one of the oldest shopping centre in the area but is by far the most popular. You can find most items to buy here. The scenery is also quite welcoming, and a visit here exposes you to the pulse of the city.

Other nice locations in Rowville include

• Wellington Village Shopping Centre
• Peregrine Reserve
• Starlight Reserve
• Hosted Tours Melbourne
• Rush HQ