Moorabbin, 3189 ranked 307th 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
Across a shorter period, Moorabbin, 3189 has seen a median price increase of 2.50% over the last quarter.
Vendor discounting in Moorabbin is giving property investors an average Vendor Discount of around -3.69%. This puts suburb at number 477th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $512.5 and the average annual increase in value of a median property of 8.91%, investors should hope to achieve an overall return of 2.60%
Property value increases in Moorabbin have tracked higher than the VIC average of 4.90% over the last 12 months.
While Moorabbin,3189 ranked number 181th in VIC for increase in median house value (annualised) increase, it is ranked 173th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Moorabbin is offering property investors an average of -4.83. This rate of discount on properties puts Suburb at number 133th in terms of most discounted suburbs in VIC
At number 774 in a list of fastest selling suburbs, Moorabbin is just in the bottom half of suburbs in Australia with an average of days on market 75.81 for properties listed there.
With the median price for a house in Moorabbin being $565000 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 3.91%