Property value increases in Moe have tracked close to the VIC average of 7.68% over the last 12 months.
While Moe,3825 ranked number 549th in VIC for increase in median house value (annualised) increase, it is ranked 556th over the last 5 years.
Vendor discounting in Moe is giving property investors an average Vendor Discount of around -6.40%. This puts suburb at number 220th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $2640 per annum or $220 every week.
With a capital gain of 0.70% for the last 12 months, Moe, 3825 has performed for property investments than its average annual 2.37% property growth over the last 5 years.
The most recent median price for Moe is $144000, with sellers offering an average of -5.08% off the asking price.
A $165 per week rent on the median house gives suburb investors a gross yield of circa 5.96%, without taking into account capital value appreciation, which has been averaging out at 2.37%.
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.”