VIC has seen average median house prices change by 8.06% which means that Mooroopna, 3629 has done well for property investors by showing a capital gain of -6.09% over the last year
A 0.47% growth in median value for property investors in Mooroopna,3629 puts this suburb at number 565th in terms of best performing suburbs in VIC
Mooroopna, 3629 is offering VIC ‘s 276th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
On average over the past year, suburb has had 9.00 sales per month, which equates to 108 per year.
With the median price for a house in Mooroopna being $216000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 6.50%
Property investors who have had real estate in Mooroopna, 3629 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
If we look at median property appreciation over just the last three months, Mooroopna has given property investors a paper return of 0.61%. This puts Suburb as 164 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Mooroopna is $165000, with sellers offering an average of -5.54% off the asking price.
Using the current median advertised rental of $220 and the average annual increase in value of a median property of 0.11%, investors should hope to achieve an overall return of 6.93%
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