VIC has seen average median house prices change by 11.69% which means that Moonee Ponds, 3039 has done well for property investors by showing a capital gain of 18.06% over the last year
Moonee Ponds,3039 was ranked 1424 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Moonee Ponds itself are offering an average vendor discount of -3.70% to real estate investors.
In the last year 158 properties changed hands in Moonee Ponds, which puts it as the 157th most active market in VIC when comparing the number of sales per suburb.
Over the last year, property investments in Moonee Ponds, 3039 have given investors a capital gain of 0.50%. This compares badly with the 7.87% for VIC as a whole.
Over the longer term, Moonee Ponds has seen property prices show investors a 8.06% return over the last 3 years. This is worse than over the last 12 months
Moonee Ponds, 3039 is offering VIC ‘s 111th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Moonee Ponds the average time real estate has been on the market is 70.1 days.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 3.93%