Over the last year, property investments in Moe, 3825 have given investors a capital gain of 3.66%. This compares badly with the 8.06% for VIC as a whole.
Moe,3825 was ranked 2486 in Australia by increase in median property value over the quarter.
At number 210th 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.
In the last year 171 properties changed hands in Moe, which puts it as the 142th most active market in VIC when comparing the number of sales per suburb.
Moe has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.85% to date .
While Moe,3825 ranked number 274th in VIC for increase in median house value (annualised) increase, it is ranked 187th over the last 5 years.
Vendor discounting in Moe is giving property investors an average Vendor Discount of around -4.53%. This puts suburb at number 191th in VIC when ranking the most discounted suburbs.
Residents and property investors in Moe have been waiting around 146.88 days to sell a property.
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.”