Moorabbin has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.29% to date .
Over the longer term, Moorabbin has seen property prices show investors a 42.86% return over the last 3 years. This is worse than over the last 12 months
Moorabbin, 3189 is offering VIC ‘s 60th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
With the median price for a house in Moorabbin being $1000000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.60%
Over the last year, property investments in Moorabbin, 3189 have given investors a capital gain of 13.77%. This compares very favourably with the 4.83% for VIC as a whole.
Across a shorter period, Moorabbin, 3189 has seen a median price increase of 1.37% over the last quarter.
Property investors looking for a bargain in Moorabbin should be aiming for at least -4.83% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Moorabbin being $557450 and the advertised rent reaching $427.5 the gross rental yield for property investors calculates out to be 3.99%