If you compare the increase in value of investment property in Mooroopna, 3629 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.73%.
Mooroopna,3629 has offered an average of -2.73% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Mooroopna are currently offering property investors an average price cut of -5.25% below the asking price at the moment.
Advertised rents are around the $270 mark per week – giving a return of 6.56% based on the median price in Suburb
Investment property in Mooroopna has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.94%
At number 228th of VIC’s most discounted properties, Mooroopna is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Mooroopna have been waiting around 104.3 days to sell a property.
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