VIC has seen average median house prices change by 9.04% which means that Moe, 3825 has done well for property investors by showing a capital gain of 6.51% over the last year
While Moe,3825 ranked number 259th in VIC for increase in median house value (annualised) increase, it is ranked 529th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Moe is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in VIC
In the last year 178 properties changed hands in Moe, which puts it as the 134th most active market in VIC when comparing the number of sales per suburb.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.36%, without taking into account capital value appreciation, which has been averaging out at 3.91%.
Moe is in the bottom 10% in VIC when comparing median price capital growth over the last year. Moe gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.82%.
While Moe,3825 ranked number 348th in VIC for increase in median house value (annualised) increase, it is ranked 244th over the last 5 years.
Sellers are offering property buyers an average discount of -5.95% to buyers in Moe at the moment, which is less than average for the rest of VIC.
Residents and property investors in Moe have been waiting around 126 days to sell a property.
Situated 120.79km from the CBD, Moe is one of Latrobe localities in the postcode 3825.
Moe is located approximately 120 kilometres to the east of Melbourne, in the Latrobe Valley and Gippsland region. The region is home to a diverse and growing economy, with key industry sectors that include power generation, paper manufacture, timber mills, agriculture, dairy, timber, IT, engineering and education Full summary
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Moe is located approximately 120km to the east of Melbourne, in the Latrobe Valley and Gippsland region. The region is home to a diverse and growing economy, with key industry sectors include power generation, paper manufacture, timber mills, agriculture, dairy, timber, IT, engineering and education.
The power generation industry in particular is expanding fast, with both coal-fired power stations and geothermal plants planned for the region.
“This region offers great potential for coming years, riddled with other strong investment options including Churchill and Morewell,” says PRD Nationwide research analyst Dan Halloran. “It is the affordability of Moe that will drive capital growth throughout the suburb in the coming years.”
He adds that having one of the state's strongest rental yields, Moe "is sure to result in the added benefit of continued capital appreciation in years to come.”