Suburb Profile Report for Mooroolbark VIC (3138)

Mooroolbark House: Median price $650,000, Annual capital growth 8.46%, Number of sales 339, Weekly median advertised rent $400

Mooroolbark Unit: Median price $500,000, Annual capital growth 7.57%, Number of sales 71, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Mooroolbark, 3138 have given investors a capital gain of 11.88%. This compares favourably with the 9.04% for VIC as a whole.

Over the longer term, Mooroolbark has seen property prices show investors a 43.73% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Mooroolbark should be aiming for at least -5.08% off the asking price, which is the average vendor discount being achieved at the moment.

At number 348 in a list of fastest selling suburbs, Mooroolbark is in the TOP 10% of suburbs in Australia with an average of days on market 42.85 for properties listed there.

Mooroolbark, 3138 ranked 106th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mooroolbark is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Mooroolbark comes in at number 33th in VIC.

Property buyers and investors in Mooroolbark 3138 should be seeing an average reduction in asking price of around -2.49% . This means that Mooroolbark is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Mooroolbark the average time real estate has been on the market is 34.76 days.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$650,000 $500,000
4.17% 0.60%
11.88% 8.94%
8.46% 7.57%
$400 $360
339 71
3.20% 3.74%
42.85 34.76

Source: CoreLogic

DSR Score for property investment : Good (H), 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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