Suburb Profile Report for Mooroolbark VIC (3138)

Mooroolbark House: Median price $598,000, Annual capital growth 7.97%, Number of sales 372, Weekly median advertised rent $390

Mooroolbark Unit: Median price $488,000, Annual capital growth 8.14%, Number of sales 81, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$598,000 $488,000
1.70% 0.62%
15.84% 20.49%
7.97% 8.14%
$390 $350
372 81
3.39% 3.73%
38.93 34.94

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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