Giving property investors a a solid capital gain of 15.80% for the last year, Moorabbin, 3189 is the 823th highest performer in Australia in this respect.
While Moorabbin,3189 ranked number 153th in VIC for increase in median house value (annualised) increase, it is ranked 115th over the last 5 years.
At number 361th of VIC’s most discounted properties, Moorabbin is in the middle of the state/territory when listing in order of most discounted to least.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.53%, without taking into account capital value appreciation, which has been averaging out at 8.96%.
Over the last year, property investments in Moorabbin, 3189 have given investors a capital gain of 22.03%. This compares very favourably with the 5.66% for VIC as a whole.
Moorabbin,3189 was ranked 256 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.73% offered to property buyers. Sellers in Moorabbin itself are offering an average vendor discount of -3.23% to real estate investors.
In the last year 71 properties changed hands in Moorabbin, which puts it as the 127th most active market in VIC when comparing the number of sales per suburb.