Property investors who have had real estate in Moe, 3825 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.55%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moe has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Moe should be aiming for at least -6.29% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 14.83 sales per month, which equates to 178 per year.
Situated 120.68km from the CBD, Moe is one of Latrobe localities in the postcode 3825.
Moe has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -15.61% to date .
The five-year average increase in median property values for Moe,3825 has given property investors a potential capital gain of 7.69% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Moe, 3825. Typically our figures indicate that -5.00% is being offered, which puts this VIC suburb at 786th most discounted overall in Australia.
Residents and property investors in Moe have been waiting around 138.31 days to sell a property.
Property investors should expect to get $160 weekly from the median priced house in this suburb.
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.”