Suburb Profile Report for Moorabbin VIC (3189)

Moorabbin House: Median price $984,000, Annual capital growth 9.15%, Number of sales 84, Weekly median advertised rent $485

Moorabbin Unit: Median price $567,450, Annual capital growth 7.37%, Number of sales 76, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$984,000 $567,450
0.92% 0.00%
15.09% 16.16%
9.15% 7.37%
$485 $420
84 76
2.56% 3.85%
64.16 71.46

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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