Investment property in Moorebank has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.20%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moorebank has increased when compared to the 5 year average annual rate.
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 Moorebank, 2170. Typically our figures indicate that -8.13% is being offered, which puts this NSW suburb at 851th most discounted overall in Australia.
Property investors should expect to get $585 weekly from the median priced house in this suburb.
Property value increases in Moorebank have tracked close to the NSW average of -4.02% over the last 12 months.
Taking the average capital gain, or increase in median house value, Moorebank,2170 has racked up an average of -4.60% over the period. This ranks it number 626th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Moorebank are currently offering property investors an average price cut of -6.14% below the asking price at the moment.
Moorebank is 188th on a list of best yielding suburbs for rents in NSW with a 4.38% return
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Moorebank is an average performer in NSW when comparing median price capital growth over the last year. Moorebank gave property investors a average capital gain figure when compared to the rest of the state, with 2.02%.
Over the longer term, Moorebank has seen property prices show investors a 17.17% return over the last 3 years. This is worse than over the last 12 months.
Vendor discounting in Moorebank is giving property investors an average Vendor Discount of around -7.34%. This puts suburb at number 753th in NSW when ranking the most discounted suburbs.
Good safe community feel with many activities. Moorebank is a pretty suburb near Liverpool, it is close enough to Liverpool, but also far enough away. It just seems to be a newly developing, revitalised, and up and coming area.
Selling points: It is neat, clean, Recommended for professionals, singles, families with kids and retirees
Most sought-after properties: Houses
Most common properties:
Top amenities: New Brighton Golf Club
Best streets: Hillcrest Avenue, for peace and quiet. Flanagan Avenue, a happy quiet street with no through traffic but a short walk to shops and schools
Public transport: On the train line for easy access
Main arteries: M5 South Western Motorway and Newbridge Road