Suburb Profile Report for Mooroolbark VIC (3138)

Mooroolbark House: Median price $621,500, Annual capital growth 8.17%, Number of sales 351, Weekly median advertised rent $400

Mooroolbark Unit: Median price $497,500, Annual capital growth 7.76%, Number of sales 79, Weekly median advertised rent $363

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 10.00% for the last 12 months, Mooroolbark, 3138 has performed for property investments than its average annual 8.17% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Mooroolbark,3138 has racked up an average of 10.00% over the period. This ranks it number 789th in the whole country for real estate investors looking at median house price increases.

Mooroolbark, 3138 is offering VIC ‘s 291th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

With the median price for a house in Mooroolbark being $621500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.35%

With a capital gain of 16.98% for the last 12 months, Mooroolbark, 3138 has performed for property investments than its average annual 7.76% property growth over the last 5 years.

While Mooroolbark,3138 ranked number 112th in VIC for increase in median house value (annualised) increase, it is ranked 32th over the last 5 years.

Property investors looking for a bargain in Mooroolbark should be aiming for at least -1.99% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $362.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$621,500 $497,500
3.41% 1.95%
10.00% 16.98%
8.17% 7.76%
$400 $363
351 79
3.35% 3.79%
42.63 34.48

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Mooroolbark VIC
Demographics
Total population 20689
Median household income ($/weekly) 1361
Median age of persons 35
Median housing loan repayment ($/monthly) 1746
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2659 12.9
    25-34 years 2921 14.1
    35-44 years 2865 13.8
    45-54 years 2858 13.8
    55-64 years 2465 11.9
    Others 6922 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 8020 52.0
    Not Married 6092 39.5
    Defacto Relationship 1315 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 16172 80.5
    New Zealand 172 0.9
    Papua New Guinea 235 1.2
    United Kingdom 1445 7.2
    Other 591 2.9
    Others 1468 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 143 0.8
    Christianity 12474 65.7
    Hinduism 93 0.5
    Other Religious Groups 131 0.7
    No Religion 6052 31.9
    Others 87 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 580 9.1
    $800-$999 570 9.0
    $1,000-$1,249 658 10.4
    $1,500-$1,999 958 15.1
    $2,000-$2,499 747 11.8
    Others 2830 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6737 41.9
    Not in the labour force 4858 30.2
    Employed, worked part-time 3328 20.7
    Employed, away from work 719 4.5
    Unemployed, looking for work 439 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1190 11.0
    Professionals 1769 16.4
    Technicians & trades workers 2016 18.7
    Clerical & administrative workers 1727 16.0
    Sales 1189 11.0
    Others 2890 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 445 8.9
    Infants/Primary 1659 33.0
    Secondary 1505 30.0
    Technical or Further Educational Institution 541 10.8
    University or other Tertiary Institutions 664 13.2
    Others 206 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19265 97.2
    Flat, unit or apartment 346 1.7
    Semi-detached, row or terrace house, townhouse 187 0.9
    House or flat attached to a shop, office 18 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3382 48.6
    Fully owned 2308 33.2
    Rented 1248 17.9
    Other tenure type 23 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals