Suburb Profile Report for Mooroolbark VIC (3138)

Mooroolbark House: Median price $600,000, Annual capital growth 7.93%, Number of sales 365, Weekly median advertised rent $390

Mooroolbark Unit: Median price $492,000, Annual capital growth 8.16%, Number of sales 78, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.09% for the last 12 months, Mooroolbark, 3138 has performed for property investments than its average annual 7.93% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Mooroolbark comes in at number 157th in VIC.

Property buyers and investors in Mooroolbark 3138 should be seeing an average reduction in asking price of around -4.84% . This means that Mooroolbark is holding prices well when compared to other suburbs in VIC.

Mooroolbark, 3138’s gross rental yield is 3.38%

Property value increases in Mooroolbark have tracked higher than the VIC average of 3.19% over the last 12 months.

While Mooroolbark,3138 ranked number 182th in VIC for increase in median house value (annualised) increase, it is ranked 45th over the last 5 years.

The most recent median price for Mooroolbark is $492000, with sellers offering an average of -1.99% off the asking price.

Situated 31.14km from the CBD, Mooroolbark is one of Yarra Ranges localities in the postcode 3138.

HOUSE UNIT
$600,000 $492,000
0.84% 0.20%
9.09% 19.71%
7.93% 8.16%
$390 $360
365 78
3.38% 3.80%
41.49 32.07

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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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
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Recent sales & rentals