Suburb Profile Report for Moe VIC (3825)

Moe House: Median price $180,000, Annual capital growth 3.91%, Number of sales 178, Weekly median advertised rent $220

Moe Unit: Median price $138,000, Annual capital growth 2.34%, Number of sales 36, Weekly median advertised rent $160

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

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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

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.”

Close
Metrics i HOUSE UNIT
$180,000 $138,000
3.45% -4.89%
6.51% -10.82%
3.91% 2.34%
$220 $160
178 36
6.36% 6.03%
88.56 126

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 8750
Median household income ($/weekly) 674
Median age of persons 42
Median housing loan repayment ($/monthly) 997
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 1041 11.9
    25-34 years 930 10.6
    35-44 years 972 11.1
    45-54 years 1224 14.0
    55-64 years 1278 14.6
    Others 3307 37.8
    Age Group
    Census Count Percent(%)
    Not Married 3342 51.1
    Registered Married 2581 39.5
    Defacto Relationship 614 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6915 83.6
    Netherlands 99 1.2
    New Zealand 134 1.6
    United Kingdom 447 5.4
    Other 173 2.1
    Others 503 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 0.6
    Christianity 5303 68.0
    Islam 15 0.2
    Other Religious Groups 43 0.6
    No Religion 2380 30.5
    Others 10 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 536 16.1
    $400-$599 607 18.2
    $600-$799 418 12.5
    $800-$999 309 9.3
    $1,000-$1,249 267 8.0
    Others 1195 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3347 49.7
    Employed, worked full-time 1674 24.9
    Employed, worked part-time 1058 15.7
    Unemployed, looking for work 405 6.0
    Employed, away from work 251 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 581 19.5
    Community & personal service workers 377 12.6
    Clerical & administrative workers 380 12.7
    Sales 335 11.2
    Labourers 440 14.7
    Others 871 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 114 6.7
    Infants/Primary 637 37.5
    Secondary 530 31.2
    Technical or Further Educational Institution 234 13.8
    University or other Tertiary Institutions 130 7.7
    Others 53 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6608 80.0
    Flat, unit or apartment 836 10.1
    Semi-detached, row or terrace house, townhouse 786 9.5
    Caravan, cabin, houseboat 28 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1349 37.1
    Rented 1268 34.9
    Being purchased 983 27.0
    Other tenure type 38 1.0
    Tenure Type
Census 2011, ABS
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