Over the last year, property investments in Moe, 3825 have given investors a capital gain of 8.82%. This compares averagely with the 9.78% for VIC as a whole.
Comparing Moe,3825 ‘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 Moe should be aiming for at least -5.91% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Moe the average time real estate has been on the market is 90.66 days.
At number 1475th in the list of Australian suburbs ordered by increase in median house value over the last year, Moe, 3825 is in the BOTTOM 20% with a property value increase of -6.80% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Moe comes in at number 335th in VIC.
Our latest figures would indicate that property sellers in Moe are currently offering property investors an average price cut of -7.02% below the asking price at the moment.
On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.
Using the current median advertised rental of $160 and the average annual increase in value of a median property of 2.79%, investors should hope to achieve an overall return of 6.07%
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.”