Suburb Profile Report for Moorabbin VIC (3189)

Moorabbin House: Median price $1,000,000, Annual capital growth 9.31%, Number of sales 80, Weekly median advertised rent $495

Moorabbin Unit: Median price $546,200, Annual capital growth 7.28%, Number of sales 70, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

Moorabbin, 3189 ranked 149th in VIC when comparing growth in median property values or capital gain over the last 12 months. Moorabbin is one of 2098 in our list for VIC

While Moorabbin,3189 ranked number 346th in VIC for increase in median house value (annualised) increase, it is ranked 110th over the last 5 years.

Property investors looking for a bargain in Moorabbin should be aiming for at least -9.17% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 80 properties changed hands in Moorabbin, which puts it as the 315th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Moorabbin being $1000000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 2.57%

Property investors who have had real estate in Moorabbin, 3189 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.19%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moorabbin has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.03% offered to property buyers. Sellers in Moorabbin itself are offering an average vendor discount of -6.02% to real estate investors.

Often selling an investment property can take time, and in Moorabbin the average time real estate has been on the market is 71.14 days.

Advertised rents are around the $425 mark per week – giving a return of 4.05% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,000,000 $546,200
2.56% 0.00%
15.61% 11.19%
9.31% 7.28%
$495 $425
80 70
2.57% 4.05%
48.45 71.14

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5282
Median household income ($/weekly) 1290
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 541 10.2
    25-34 years 704 13.3
    35-44 years 849 16.1
    45-54 years 730 13.8
    55-64 years 562 10.6
    Others 1896 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 2037 50.1
    Not Married 1692 41.6
    Defacto Relationship 337 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3301 65.9
    Croatia 149 3.0
    Hong Kong 141 2.8
    United Kingdom 229 4.6
    Other 364 7.3
    Others 823 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 123 2.6
    Christianity 3020 63.1
    Hinduism 71 1.5
    Judaism 214 4.5
    No Religion 1259 26.3
    Others 102 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 176 9.7
    $600-$799 164 9.0
    $1,500-$1,999 217 11.9
    $2,000-$2,499 184 10.1
    $2,500-$2,999 185 10.2
    Others 894 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1637 39.3
    Not in the labour force 1464 35.1
    Employed, worked part-time 791 19.0
    Employed, away from work 161 3.9
    Unemployed, looking for work 117 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 341 13.2
    Professionals 636 24.6
    Technicians & trades workers 361 13.9
    Clerical & administrative workers 412 15.9
    Sales 261 10.1
    Others 578 22.3
    Occupation
    Census Count Percent(%)
    Pre-school 98 8.6
    Infants/Primary 361 31.5
    Secondary 281 24.5
    Technical or Further Educational Institution 148 12.9
    University or other Tertiary Institutions 221 19.3
    Others 36 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4230 84.6
    Semi-detached, row or terrace house, townhouse 486 9.7
    Flat, unit or apartment 254 5.1
    House or flat attached to a shop, office 29 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 786 40.2
    Being purchased 719 36.8
    Rented 437 22.4
    Other tenure type 13 0.7
    Tenure Type
Census 2011, ABS
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