Investment property in Moonee Ponds has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 22.14%
While Moonee Ponds,3039 ranked number 358th in VIC for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.
On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 8.02%, investors should hope to achieve an overall return of 2.23%
With a capital gain of -8.10% for the last 12 months, Moonee Ponds, 3039 has performed for property investments than its average annual 3.73% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Moonee Ponds comes in at number 329th in VIC.