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%