Giving property investors a an unimpressive capital gain of -1.84% for the last year, Mooroolbark, 3138 is the 2733th highest performer in Australia in this respect.
Across a shorter period, Mooroolbark, 3138 has seen a median price increase of 2.21% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mooroolbark is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 175th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.40%, investors should hope to achieve an overall return of 3.22%
Over the last year, property investments in Mooroolbark, 3138 have given investors a capital gain of 3.94%. This compares averagely with the 7.35% for VIC as a whole.
Comparing Mooroolbark,3138 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -7.17% to buyers in Mooroolbark at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Mooroolbark the average time real estate has been on the market is 44.5667 days.
Mooroolbark, 3138’s gross rental yield is 3.66%
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Houses record brilliant performance
Median house price: $673,500
Three-year growth: 46.2%
Rental yield: 3.1%
In the last five years, Mooroolbark’s house market has experienced capital growth of more than 40%. Located 31km east of Melbourne, in the Shire of Yarra Ranges, Mooroolbark is an established family suburb where city life meets the bush. Originally a much larger suburb, encompassing Wonga Park and Chirnside Park, Mooroolbark is well serviced by trains and buses, and is a short drive along the Maroondah Highway from the picturesque Yarra Valley.
New townhouses are cropping up, in between older homes on large blocks, and the median house price is currently $673,500, up 14.5% over the past year. Mooroolbark is home to several excellent schools, both 5 and private, as well as the famous ‘Five Ways’ intersection, where three consecutive roundabouts connect five main roads. All the essential amenities can be found in the Brice Avenue shopping strip, while nearby Eastland Shopping Centre in Ringwood has several large department stores and speciality boutiques.