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 -6.96%.
Comparing Mooroopna,3629 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Mooroopna should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.75 sales per month, which equates to 105 per year.
The VIC suburb of Mooroopna, 3629 is in the Greater Shepparton local government area.
At number 1238th in the list of Australian suburbs ordered by increase in median house value over the last year, Mooroopna, 3629 is in the BOTTOM 30% with a property value increase of -1.51% recorded in median house prices.
Mooroopna, 3629 is offering VIC ‘s 200th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
In the last year 18 properties changed hands in Mooroopna, which puts it as the 314th most active market in VIC when comparing the number of sales per suburb.
Mooroopna, 3629’s gross rental yield is 7.04%
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
Information supplied by:
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