Suburb Profile Report for Mooroopna VIC (3629)

Mooroopna House: Median price $210,000, Annual capital growth -0.20%, Number of sales 105, Weekly median advertised rent $270

Mooroopna Unit: Median price $161,501, Annual capital growth -1.52%, Number of sales 24, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Mooroopna, 3629 have given investors a capital gain of -8.70%. This compares very badly with the 9.78% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Mooroopna,3629 has racked up an average of -8.70% over the period. This ranks it number 3386th in the whole country for real estate investors looking at median house price increases.

At number 255th of VIC’s most discounted properties, Mooroopna is in the middle of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mooroopna the average time real estate has been on the market is 107.49 days.

Advertised rents are around the $270 mark per week – giving a return of 6.69% based on the median price in Suburb

Over the last year, property investments in Mooroopna, 3629 have given investors a capital gain of -1.52%. This compares badly with the 4.83% for VIC as a whole.

Property buyers and investors in Mooroopna 3629 should be seeing an average reduction in asking price of around -4.20% . This means that Mooroopna is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $220 and the average annual increase in value of a median property of -1.52%, investors should hope to achieve an overall return of 7.08%

Information supplied by:


February 2017

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The median unit price in Mooroopna is $218,000, but there are many opportunities to buy in at an even cheaper price point. While affordability is undeniably on offer, and a strong return is likely, price appreciation may not be on the menu.Full summary

Established, low-rise, no-fuss units are the order of the day in Mooroopna, a rural town located around 180km north of Melbourne.

The median unit price is $218,000, but there are many opportunities to buy in at an even cheaper price point. While affordability is undeniably on offer, and a strong return is likely, price appreciation may not be on the menu. If you’re seeking long-term capital growth, this may not be the right addition to your portfolio, as average annual growth is negligible at 0.62%, while unit values have retracted more than 5% in the last 12 months.

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Metrics i HOUSE UNIT
$210,000 $161,501
-1.18% N/A
-8.70% -1.52%
-0.20% -1.52%
$270 $220
105 24
6.69% 7.08%
107.49 114.94

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 7813
Median household income ($/weekly) 847
Median age of persons 38
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1040 13.3
    25-34 years 961 12.3
    35-44 years 1034 13.2
    45-54 years 959 12.3
    55-64 years 973 12.5
    Others 2846 36.4
    Age Group
    Census Count Percent(%)
    Not Married 2539 45.7
    Registered Married 2454 44.2
    Defacto Relationship 565 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6700 90.9
    Japan 69 0.9
    Papua New Guinea 91 1.2
    United Kingdom 172 2.3
    Other 79 1.1
    Others 256 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 1.0
    Christianity 5048 71.3
    Hinduism 30 0.4
    Islam 103 1.5
    No Religion 1798 25.4
    Others 26 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 332 12.1
    $400-$599 430 15.6
    $600-$799 342 12.4
    $800-$999 314 11.4
    $1,500-$1,999 308 11.2
    Others 1026 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2348 39.9
    Employed, worked full-time 1962 33.4
    Employed, worked part-time 1086 18.5
    Employed, away from work 242 4.1
    Unemployed, looking for work 241 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 453 13.8
    Technicians & trades workers 494 15.0
    Community & personal service workers 389 11.8
    Clerical & administrative workers 407 12.4
    Labourers 547 16.6
    Others 999 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 133 8.3
    Infants/Primary 619 38.4
    Secondary 514 31.9
    Technical or Further Educational Institution 184 11.4
    University or other Tertiary Institutions 105 6.5
    Others 57 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6240 85.7
    Semi-detached, row or terrace house, townhouse 126 1.7
    Flat, unit or apartment 660 9.1
    Caravan, cabin, houseboat 246 3.4
    House or flat attached to a shop, office 8 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1052 35.2
    Rented 974 32.6
    Fully owned 924 30.9
    Other tenure type 39 1.3
    Tenure Type
Census 2011, ABS
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