Property investors who have had real estate in Mooroolbark, 3138 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 15.98%
Across a shorter period, Mooroolbark, 3138 has seen a median price increase of 1.89% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mooroolbark is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 424th in terms of most discounted suburbs in VIC
At number 81th in the list of Australian suburbs ordered by increase in median house value over the last year, Mooroolbark, 3138 is in the top 10% with a property value increase of 22.50% recorded in median house prices.
Comparing Mooroolbark,3138 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.33% offered to property buyers. Sellers in Mooroolbark itself are offering an average vendor discount of -3.86% to real estate investors.
Often selling an investment property can take time, and in Mooroolbark the average time real estate has been on the market is 36.04 days.
Mooroolbark, 3138’s gross rental yield is 3.71%