Moonee Ponds, 3039 ranked 292th in VIC when comparing growth in median property values or capital gain over the last 12 months. Moonee Ponds is one of 2098 in our list for VIC
Over the longer term, Moonee Ponds has seen property prices show investors a 28.32% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Moonee Ponds is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 634th in terms of most discounted suburbs in VIC
In the last year 168 properties changed hands in Moonee Ponds, which puts it as the 146th most active market in VIC when comparing the number of sales per suburb.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.35%, without taking into account capital value appreciation, which has been averaging out at 6.78%.
Property value increases in Moonee Ponds have tracked just lower than the VIC average of 4.59% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moonee Ponds has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Moonee Ponds 3039 should be seeing an average reduction in asking price of around -5.07% . This means that Moonee Ponds is holding prices well when compared to other suburbs in VIC.