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