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%
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
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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.Close