Over the last year, property investments in Mooroolbark, 3138 have given investors a capital gain of 13.68%. This compares favourably with the 9.78% for VIC as a whole.
Across a shorter period, Mooroolbark, 3138 has seen a median price increase of 5.22% over the last quarter.
The most recent median price for Mooroolbark is $665000, with sellers offering an average of -4.40% off the asking price.
With the median price for a house in Mooroolbark being $665000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.13%
Mooroolbark has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.05% to date .
Across a shorter period, Mooroolbark, 3138 has seen a median price increase of 1.96% over the last quarter.
Mooroolbark3138 is located in VIC which offers an average discount of -4.95% to property investors. Mooroolbark itself is showing figures that indicate -3.32% is the average achievable by property buyers investing in the suburb.
In the last year 66 properties changed hands in Mooroolbark, which puts it as the 135th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.54%, investors should hope to achieve an overall return of 3.80%