Property value increases in Moorabbin have tracked just higher than the VIC average of 8.96% over the last 12 months.
Moorabbin,3189 has offered an average of 15.09% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Moorabbin itself are offering an average vendor discount of -4.48% to real estate investors.
In the last year 84 properties changed hands in Moorabbin, which puts it as the 313th most active market in VIC when comparing the number of sales per suburb.
If you compare the increase in value of investment property in Moorabbin, 3189 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.16%.
Moorabbin,3189 was ranked 958 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Moorabbin is offering property investors an average of -5.07. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in VIC
Residents and property investors in Moorabbin have been waiting around 71.46 days to sell a property.
Moorabbin, 3189’s gross rental yield is 3.85%