Investment property in Mooroolbark has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.84%
The five-year average increase in median property values for Mooroolbark,3138 has given property investors a potential capital gain of 35.91% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mooroolbark, 3138. Typically our figures indicate that -4.73% is being offered, which puts this VIC suburb at 2778th most discounted overall in Australia.
Advertised rents are around the $390 mark per week – giving a return of 3.39% based on the median price in Suburb
Over the last year, property investments in Mooroolbark, 3138 have given investors a capital gain of 20.49%. This compares very favourably with the 3.63% for VIC as a whole.
Across a shorter period, Mooroolbark, 3138 has seen a median price increase of 0.62% over the last quarter.
Property buyers and investors in Mooroolbark 3138 should be seeing an average reduction in asking price of around -3.31% . This means that Mooroolbark is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Mooroolbark being $488000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.73%