Over the last year, property investments in Moorabbin, 3189 have given investors a capital gain of 19.64%. This compares very favourably with the 8.27% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Moorabbin,3189 has racked up an average of 19.64% over the period. This ranks it number 679th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.48% to buyers in Moorabbin at the moment, which is less than average for the rest of VIC.
In the last year 81 properties changed hands in Moorabbin, which puts it as the 310th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Moorabbin being $987000 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 2.45%
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 15.74%.
Moorabbin,3189 was ranked 870 in Australia by increase in median property value over the quarter.
Moorabbin3189 is located in VIC which offers an average discount of -5.13% to property investors. Moorabbin itself is showing figures that indicate -5.71% is the average achievable by property buyers investing in the suburb.
At number 483 in a list of fastest selling suburbs, Moorabbin is in the TOP 40% of suburbs in Australia with an average of days on market 64.12 for properties listed there.
Situated 11.29km from the CBD, Moorabbin is one of Kingston localities in the postcode 3189.