Giving property investors a a solid capital gain of 17.50% for the last year, Mooroolbark, 3138 is the 646th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mooroolbark has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Mooroolbark is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 386th in terms of most discounted suburbs in VIC
At number 270 in a list of fastest selling suburbs, Mooroolbark is in the TOP 10% of suburbs in Australia with an average of days on market 35.3 for properties listed there.
Advertised rents are around the $400 mark per week – giving a return of 2.95% based on the median price in Suburb
If you compare the increase in value of investment property in Mooroolbark, 3138 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.03%.
Mooroolbark,3138 was ranked 237 in Australia by increase in median property value over the quarter.
The most recent median price for Mooroolbark is $538500, with sellers offering an average of -3.21% off the asking price.
In the last year 72 properties changed hands in Mooroolbark, which puts it as the 125th most active market in VIC when comparing the number of sales per suburb.