Investment property in Moorooka has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.84%
Moorooka,4105 has offered an average of 6.84% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Moorooka 4105 should be seeing an average reduction in asking price of around -4.91% . This means that Moorooka is holding prices well when compared to other suburbs in QLD.
Advertised rents are around the $420 mark per week – giving a return of 3.49% based on the median price in Suburb
If you compare the increase in value of investment property in Moorooka, 4105 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -9.05%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moorooka has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Moorooka should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Moorooka the average time real estate has been on the market is 91.75 days.
Moorooka, 4105’s gross rental yield is 5.17%