Suburb Profile Report for Moonee Ponds VIC (3039)

Moonee Ponds House: Median price $1,007,500, Annual capital growth 7.39%, Number of sales 154, Weekly median advertised rent $500

Moonee Ponds Unit: Median price $509,250, Annual capital growth 5.40%, Number of sales 115, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Moonee Ponds is in the bottom 30% in VIC when comparing median price capital growth over the last year. Moonee Ponds gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.81%.

Taking the average capital gain, or increase in median house value, Moonee Ponds,3039 has racked up an average of 2.81% over the period. This ranks it number 1103th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Moonee Ponds is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 254th in terms of most discounted suburbs in VIC

Advertised rents are around the $500 mark per week – giving a return of 2.58% based on the median price in Suburb

Property investors who have had real estate in Moonee Ponds, 3039 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.17%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moonee Ponds has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Moonee Ponds itself are offering an average vendor discount of -6.18% to real estate investors.

On average over the past year, suburb has had 9.58 sales per month, which equates to 115 per year.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.40%, investors should hope to achieve an overall return of 3.57%

HOUSE UNIT
$1,007,500 $509,250
-0.93% 1.85%
2.81% 13.17%
7.39% 5.40%
$500 $350
154 115
2.58% 3.57%
66.2 67.67

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 13531
Median household income ($/weekly) 1608
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1405 10.4
    25-34 years 2292 16.9
    35-44 years 2208 16.3
    45-54 years 1870 13.8
    55-64 years 1406 10.4
    Others 4350 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 4809 46.9
    Not Married 4502 43.9
    Defacto Relationship 953 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 9463 73.5
    Indonesia 347 2.7
    Japan 733 5.7
    United Kingdom 393 3.1
    Other 454 3.5
    Others 1486 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 195 1.6
    Christianity 8667 69.4
    Hinduism 296 2.4
    Islam 164 1.3
    No Religion 3067 24.5
    Others 107 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 370 7.8
    $1,500-$1,999 557 11.8
    $2,000-$2,499 474 10.0
    $2,500-$2,999 536 11.3
    $3,000-$3,499 386 8.2
    Others 2400 50.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4712 44.4
    Not in the labour force 3177 29.9
    Employed, worked part-time 2073 19.5
    Employed, away from work 388 3.7
    Unemployed, looking for work 272 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1146 16.0
    Professionals 2272 31.7
    Technicians & trades workers 669 9.3
    Clerical & administrative workers 1163 16.2
    Sales 672 9.4
    Others 1250 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 234 7.6
    Infants/Primary 946 30.8
    Secondary 718 23.4
    Technical or Further Educational Institution 260 8.5
    University or other Tertiary Institutions 820 26.7
    Others 93 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8946 70.9
    Flat, unit or apartment 2085 16.5
    Semi-detached, row or terrace house, townhouse 1548 12.3
    House or flat attached to a shop, office 44 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1790 34.8
    Rented 1710 33.2
    Being purchased 1605 31.2
    Other tenure type 41 0.8
    Tenure Type
Census 2011, ABS
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