Over the last year, property investments in Moe, 3825 have given investors a capital gain of -1.18%. This compares very badly with the 7.80% for VIC as a whole.
Across a shorter period, Moe, 3825 has seen a median price increase of -1.18% over the last quarter.
At number 195th of VIC’s most discounted properties, Moe is in the bottom 40% of the state/territory when listing in order of most discounted to least.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.81%, without taking into account capital value appreciation, which has been averaging out at 2.93%.
VIC has seen average median house prices change by 3.63% which means that Moe, 3825 has done well for property investors by showing a capital gain of -2.10% over the last year
Across a shorter period, Moe, 3825 has seen a median price increase of -4.76% over the last quarter.
Property investors looking for a bargain in Moe should be aiming for at least -5.20% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Moe being $140000 and the advertised rent reaching $160 the gross rental yield for property investors calculates out to be 5.94%
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.”