Suburb Profile Report for Mooroolbark VIC (3138)

Mooroolbark House: Median price $615,000, Annual capital growth 8.03%, Number of sales 355, Weekly median advertised rent $395

Mooroolbark Unit: Median price $493,500, Annual capital growth 7.68%, Number of sales 76, Weekly median advertised rent $370

  • 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 9.82%. This compares averagely with the 8.06% for VIC as a whole.

The five-year average increase in median property values for Mooroolbark,3138 has given property investors a potential capital gain of 41.38% across each of those five years.

The most recent median price for Mooroolbark is $615000, with sellers offering an average of -5.03% off the asking price.

Residents and property investors in Mooroolbark have been waiting around 43.8 days to sell a property.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 3.34%, without taking into account capital value appreciation, which has been averaging out at 8.03%.

Mooroolbark has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 17.50% to date .

Taking the average capital gain, or increase in median house value, Mooroolbark,3138 has racked up an average of 17.50% over the period. This ranks it number 318th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Mooroolbark is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 315th in terms of most discounted suburbs in VIC

HOUSE UNIT
$615,000 $493,500
2.50% 0.92%
9.82% 17.50%
8.03% 7.68%
$395 $370
355 76
3.34% 3.90%
43.8 30.68

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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